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THE FRAME: Corporate immunity is the new Reaganomics
9 March, 2009
By Bryan Lower
The justice system was once the privilege of the rich. Tort manipulation will make it that way again.
One of the great shames of Reaganomics is how effectively it reversed the progress made in the twentieth century on income inequality. The last remnants of the robber barons effectively destroyed themselves in 1929, along with the serious practitioners of laissez faire economics. Following the Second World War, the new middle class created by the G.I. Bill and labor unions flattened he income pyramid. Reagan would have none of that, and immediately implemented tax policies that reversed the trend. Now the proposed deconstruction of the tort system promises to mirror the decline of equality in the economy by eliminating equality in the courtroom.
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