Right Wing Ideologies Research Paper

Reaganomics was economics policies which were propelled by United States President, Ronald Reagan during 1980s. These policies were based on fours pillars namely; reduction of the growth of government spending, reduction of income and capital gains marginal tax rates, reduction of government regulation of economy, and controlling of the money in supply so as to reduce inflation. Their basic aims were to lower taxes and create a leaner government. According to Reagan his decision was informed on stimulation of the economy taxes, financed by borrowing. Lowering taxes was aimed at reviving the economy, which in turn would see the increased tax revenues being used to offset the debts incurred (Niskanen

Ronald Reagan created economic policies called Reaganomics. These policies were different than the policies that the United States had since Franklin

Lippmann thought that “scientific spirit is the discipline of democracy” and believed that society would “have to substitute purpose for tradition” in order to progress (Lippmann, 1914). Political scientist Chris Hedges states that rebellion is the result of “environmental destruction and wealth polarization,” which results from drift policy related inequalities that cause problems in society (Hedges, 2015). Hedges’ views align with that of Lippmann on the importance of the utilization of reason over the temptation of the monetary promises usually involved in creating drift policies that favor a minority of Americans and causes them harm. This perspective is also central to Jacob Hacker and Paul Pierson, authors of Winner-Take-All Politics How Washington Made the Rich Richer-And Turned Its Back on the Middle Class. They state that events like The Great Depression reveal the failure of the “philosophy that said that the market, left alone, would right itself” (Hacker & Pierson, 2010). President Franklin Roosevelt’s New Deal, which introduced regulations and reform, which proved to be essential in the economic recovery of America during that

In addition, Reagan’s 1981 Program for Economic Recovery had four major policies, which are: to reduce the growth of government spending, reduce the marginal tax rates on income from labor and capital, reduce regulation, and to reduce inflation by controlling the growth of the money supply (Niskanen). Reagan’s Economic Recovery Program, also known as Reaganomics, was the most serious recession of the U.S. economic policy since Franklin D. Roosevelt’s New Deal (Niskanen). However, according to historian, Eric Foner, there have been many issues with Reaganomics since the new policies, rising stock prices, and deindustrialization inevitably resulted into the rise of economic inequality, also known as the second gilded age (Foner 832).

In the past, the nation’s government took the “laissez-faire” approach to dealing with the economy and/or free market affairs. The government intervened as little as possible, asserting the belief felt that if left alone, economic problems would be resolved without government interference. However, this approach was not guaranteed, and at times, the government had to put aside the “laissez-faire” approach of the past. The government had no other choice but to intervene in these instances to return balance to the economy and protect its citizens it served. The government changed both its approach and its size through programs initiated by the Industrial Revolution, New Deal programs during and following the Great Depression, and World

Reaganomics—also known as supply-side and trickle-down economics—is an economic policy practiced by presidents Warren G. Harding, Calvin Coolidge, and Herbert Hoover in the twenties and most recently, by the fortieth president of the United States, Ronald Reagan. Just like the state of the economy before Reagan stepped into office, the economy of the United States today is in a vulnerable place. The economy has taken multiple blows over the last few years: a recession in 2008, a close call in 2011, and an overwhelming deficit. Most Americans are looking for something to change. While some are advocating for an increase in the government’s power in order to step in and seemingly help the people, the way for the government to truly succor

Hayek believed the economy should remain untouched and in times of trouble, with enough time, the markets would regain equilibrium. He also surfaced the ideas that increasing taxes led to discouragement of consumer spending. These ideas are viewed as flawed because during times of depression unemployment remains constant and there is so guaranteed time issues will resolve while the economy is trying to rebalance itself. No government regulation results in unfair monopolies of industries or businesses in the free market. This restricts modern liberal principles such as the equality of outcome. No government intervention is an ineffective way to structure the economy. It allows for numerous issues such as cheap labor, overpriced goods, non-equal wages. All issues could be resolved through government action and regulation. Hayek’s ideas can be closely ties with those of the Untied States president in 1981, Ronald Reagan. Reagan upheld a huge economic practice know as “Trickle-Down Economics”. This practice involved an attempt to redistribute wealth among different social classes. The government would cute taxes on wealthier citizens with hopes the wealth would trickle down in the economy through mass spending of the elite. This effect was never successful in practice, by cutting taxes for the rich it left them with a high concentration on wealth. This practice aimed at the wrong target and did not prevent relative poverty; it just increased the economic gap between the rich and poor. Both theory’s are evidently flawed and validate the need for a government to obtain economic responsibilities. Regulations ensure an equal ground for the mixed market, which is a key aspect in a stable economy. Modern liberal principles require government involvement to achieve economic

All through time The United States of America and the people running have had the debate regarding “economic Freedom.” Each President of the United States has handled the situation differently and a lot of that has to do with their parties. The Republican Party has believed that the only way to success is by achieving it, therefore their hard work should reflect towards their economic life and freedom. On the other side of things are the beliefs of the Democrats, their views in favor equal opportunity for the working class. Through time Liberal President, Franklin D. Roosevelt and his “New Deal” as well as Conservative Republican Ronald Regan and his “Trickle Down Economics”, have both made the biggest economic impacts regarding the debate.

Reagan implemented policies based on supply-side economics and advocated a classical liberal and laissez-faire philosophy, seeking to stimulate the economy with large, across-the-board tax cuts. Reagan’s outlook on economics was what he and the public called “Reaganomics”. “The blueprint for “Reaganomics,” was a sketched out supply-side approach to the economic, including massive cuts in income taxes, capital gains taxes, and corporate taxes,”(340). His platform advocated reducing tax rates to spur economic growth, controlling the money supply to reduce inflation, deregulation of the economy, and reducing government spending. Reagan's policies proposed that economic growth would occur when marginal tax rates were low enough to spur investment, which would then lead to increased economic growth, higher employment, and wages. Reagan’s beliefs on cutting taxes were supported by ideas of William Sumner who believed that the best equipped to win the struggle for existence was the American businessman, and concluded that taxes and regulations serve as dangers to his survival. Reagan believed strong nations were composed of people who were successful at expanding their empires and these strong nations would survive in the struggle for dominance.

Leading up to the year 1981, America had fallen into a period of “stagflation”, a portmanteau for ‘stagnant economy’ and ‘high inflation’. Characterized by high taxes, high unemployment, high interest rates, and low national spirit, America needed to look to something other than Keynesian economics to pull itself out of this low. During the election of 1980, Ronald Reagan’s campaign focused on a new stream of economic policy. His objective was to turn the economy into “a healthy, vigorous, growing economy [which would provide] equal opportunities for all Americans, with no barriers born of bigotry or discrimination.” Reagan’s policy, later known as ‘Reaganomics’, entailed a four-point plan which cut taxes, reduced government spending,

Different people have different outlooks on how the nation should be ran and how our economy should produce our money. For instance two great presidents have two different outlooks on how our economy and our politics should work. Thomas Jefferson wanted an economy based on small family owned farms, while Hamilton on the other hand wanted to manufacturer and produce as much as possible in factories. Both of their plans for the economy have many strong points, but they also have some weak points.

Reaganomics refers to economic policies implemented during President Reagan’s administration from 1981-1989. The main ideology of Reaganomics was conservation which promoted that “government is the problem, not solution”. That means, society and market would function better with limited government power and regulations. Accordingly, Social wealth was distributed by unrestricted market, and profits that capitalists earned would trickle down to the bottom of society. In this way, people were in charge of improving their lives instead of relying on the aid of government. In order to recover from the economic crisis occurred between 1981and1982, the major Reaganomics objectives was to reduce government intervention in business and social aids. The policies were specified as marginal tax cut, tightening money supply, reducing social welfare programs and regulations. Generally, Reaganomics that impact citizens the most would be tax cut, reducing welfares and regulations.

If it were not for the crucial mistakes of Italy, Germany, and Spain’s governments to address interwar problems, then right-wing authoritarian regimes may never have formed. Seeing as to how countries across the world were left crippled after world war one, successful control of a nation was hard to obtain. In response, countries began strictly monitoring their economies, which the middle class was against. Regarding the issue of the agreement between socialist and catholic parties, Italy failed to find a solution. Germany unsuccessfully controlled socialist and communist influences, which inspired right-wing groups. Spain was powerless as its weak monarchy was taken over by coalitions of the nobility. As a culmination of these countries inabilities to govern, right-wing authoritarian regimes were formed amongst many European countries.

The most prominent example of the conservative far-right confronting the more liberal centrist/leftist factions happened in November of 2016 when the Americans had to choose a president between a conservative candidate whose platform was deeply rooted in xenophobia, tolerance of hate speech and misogyny, and a more moderate candidate whose platform was based around maintaining the legacy of the previous administration while securing the rights of the disadvantaged. While some countries that also faced this decision, such as France and Austria, went for the more liberal candidate, the Americans voted for the lousy bigot whose platform would only benefit the oligarchy by taking away the few benefits minorities possess. Ever since Trump’s

Perhaps, one of the highly debated issues in the electoral procedures of different European nations is about the extreme right. Based on the premise that the nation is the primary unit of social and political organization, extremist nationalism has been revived since the demise of communism. Unlike civic nationalism, which stresses equality and solidarity, the exaggerated, chauvinistic, and aggressive nationalism of the extreme right upholds the significance of the nation and national identity against any other value. Each person is defined by membership in ancient ethnic and cultural groups that are hierarchically arranged according to the "natural order." In the extreme rights’ view,