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Agenda for a New Economy, 2nd Edition by David C. Korten

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CHAPTER 6BUCCANEERS AND PRIVATEERS

Advocates of capitalism are very apt to appeal to the sacred principles of liberty, which are embodied in one maxim: The fortunate must not be restrained in the exercise of tyranny over the unfortunate.

BERTRAND RUSSELL

The presidency of Ronald Reagan is commonly referred to as the Reagan “revolution,” which sought a restoration of traditional conservative values and free markets. The aggressive deregulation efforts begun under Reagan and carried forward by the Bush and Clinton administrations did indeed restore some traditional conservative values, but perhaps not the ones most U.S. conservatives intended.

Note that the term conservative originally referred to the monarchists who fought efforts to establish ...

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