Did Ronald Reagan destroy middle class wealth? According to Stacy Mitchell, co-executive director of the Institute for Local Self-Reliance and an expert on corporate monopolies, the answer is yes. Under Reagan, massive corporations began undercutting independent small businesses — and in the process destroyed wealth-generation opportunities for middle class Americans.
On this week’s bonus episode of Lever Time, senior podcast producer Arjun Singh sits down with Mitchell to discuss how the government went from breaking up monopolistic corporations to coddling them, and how that change widened the U.S. wealth gap.
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