I read somewhere that in the early Reagan/Thatcher years, business leaders (not just labor) were so used to a regulated economy, they resisted deregulation. Took a new generation of risk-taking entrepreneurial leaders for the business world to become champions of deregulation.
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Oddly I think we’re in a weird condition where most businesses would largely agree with this, but it’s politicians that want to continue the old regime. I don’t think there’s even much appetite for nationalist protectionism outside Luddite sectors. Only narrow China protection.
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A difference might be that LBJs great society was first and foremost a set of fiscal/ spending programmes, and not regulatory in the ordo-liberal sense of 'market maker' (i.e. without extraordinary spending).
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F.e. the EU's 10 year €1tn. green agenda is mainly about market rules. Spending for it will for 50% be covered by reallocation of existing EU budget, the other 50% coming decentrally from the member states.
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