Decade of Corporate Greed Essay

Ascended in the 1980s he reinvented Republi stinkpot policies that favored deregulating and the return of calling in America. These Ideas markedly opposed the views of the political relational interventionist policies of the 1960s and 70s with these ideas Reagan hoped to decrease government Involvement and heavy taxes.With these tax cuts Reagans mentation was that many new businesses would spawn and that it would have a trickledown effect by not only empowering businesses to grow and hire more than people which in the end would benefit all from those on top in the in bodied terra firma all the way down to the lowest person in the company in which bothone benefits. This was welcome news not only to the Republicans unless also the lunch bucket democrats who were working class democrats who predecessor horn in Carter of whom they thought they were ignored by.As a result of this many government services were slashed and created ideas of the government being the paradox. With this many republicans encouraged individuals to do true(p) for themselves for the government would not do this for them. With this encouragement of business growth and economic successfulness for as many people as contingent individualism became a way of life in the 1980s.The acquisition of loadedes and indicators of it really helped to drive this ten in the 1980s where it seemed most most-valuable to acquire as much tangible goods as possible. These ideas were also shown in the pop culture world as the artist Madonna make a hit song in the 80s called material girl a song of the times basically about rapaciousness and gaining as material things as you possibly could with no shame of this avaritia. a ilk Gordon Gekko the fictional business tycoon in the film Wall channel stands up at board meeting to stress and states Greed is goodGreed will not only fix this malfunctioning fellowship called Teldar paper, but also the other malfunctioning corporation called the U. S. of A. There were plane excesses being taken in sports, as Pete Rose of the Cincinnati Reds had edacity of singles, manifold and stolen bases, also greed in gambling cost him his spot in Major League Baseball.It was also in this decennium baseball go through free agency destroying loyalties and players selling themselves to the highest bidder as player contracts doubled from besides the decade before. Once these Republican policies had trickled down to popular culture it roughly seemed to validate this style of politics, it seemed as if the Republicans ascendance to power had spawned this culture and decade of greed that was so actively embraced by the American public.With this these politicians simply stated that they were just acting in accordance to what the publics wishes were. With this triumph that Reagan had in the 80s America had once again began to sustain itself on the world stage after a challenging decade of struggling in the 1970s. Reagan is thought to be responsibl e also for the mastery in the cold war that had lasted for decades before his term. The new thinking in the 80s was not that this was greed but more of what the Republicans called prosperity and success.Some of the negatives of these changes were Reagan deregulated all(prenominal)thing which in effect destroyed competition and this created oligopolies. Some examples of these atomic number 18 in the airline industry he deregulated the industry causing every airline in the country, except 2 to become bankrupt, as the deregulation in the broadcast industry resulted in just a fewer major players like Disney and Clear Channel dominating the playing field.As for under the Reagan administration money in politics became more voiceless then(prenominal) ever and that still holds true today in the world of politics for it seems like we no longer have elections, we more like have auctions for where it seems the candidate who has the most money to spend on getting their name out is usuall y the one who wins in these political battles, specially for the Presidency.What this does now and back then in the 80s where it started is a corporation who might want certain laws or tax breaks passed to better help their needs funds that candidate to get elected and then in turn expects them favors to be returned when that candidate is elected. This new concentration of wealth created a whole new class of millionaires, however on the downside for every millionaire there were several hundred homeless people. With this came more negativity that came with the corporate greed of the 80s.For these people who became homeless and scurvy due to these millionaires greed were blamed for drag down the economy by Republican politicians and their mouthpieces in the media, while the truth we found out later is that indeed it was these blue people who were ripping us off and actually were responsible for dragging down the economy. Going as far to blaming the poor the metropolis of Los Angel es installed a fingerprint system to guard against welfare fraud that cost the city and hardworking tax payers 30 million dollars, and for all of this it caught one cheater. duration at the same time White collar crime was revolt and costing us more than street crime cost, also doing more damage and arguably causing more deaths. Reagan also had a deregulation of the savings and loans industry which was a total debacle and ended up costing Americans 500 billion dollars which is part of the still current banking problem that is going on today. Unfortunately Reagan also began the practice of sending American manufacturing jobs overseas, another move that made the rich even more rich and greedy and made the poor have even less than they did before. in spite of all these negatives it can be argued that Ronald Reagan was the most important and influential chair of the last 60 years, loved by the Republicans and loathed by the liberals. Reagan turned half a century of political and econ omic orthodoxy and turned it on its head. It can be argued that he turned those who were Roosevelt democrats. So whether you loved or despised Reagan there is no doubt that administration and the greed of 80s is still alive today.My though would be if your rich, you like the corporate greed and excessiveness that took place in the 80s, however if you are poor you are wondering why this turned out like it did.