Moyers On Regan's Legacy

Reagan's story of freedom superficially alludes to the Founding Fathers, but its substance comes from the Gilded Age, devised by apologists for the robber barons. It is posed abstractly as the freedom of the individual from government control--a Jeffersonian ideal at the root of our Bill of Rights, to be sure. But what it meant in politics a century later, and still means today, is the freedom to accumulate wealth without social or democratic responsibilities and the license to buy the political system right out from under everyone else, so that democracy no longer has the ability to hold capitalism accountable for the good of the whole.