This would make sense as globilization while going on since ww2 ended accelerated in the 80’s. Once the provisions there were eliminated it would effectively allow banks to offshore the activity anyway which made just eliminating it in the 90’s to make more sense. Since they were effectively doing it anyway.
My problem is that now we dont have the provisions which allows things like the citadel/robinhood fiasco, FTX crypto speculation or the 2008 crash. Saying that it would had happened because of Reagan is just not true.
but deregulation and anti regulation as a pattern. As a driving force of the right. That came from him. It certainly would not have happened if regulation was considered an important part of capitalism that while it may need to be tweaked sometimes should never be removed and new regulation should follow for new things. The whole way of doing things started under reagan and the attitude to not follow the correct path very much starts there.
That just sounds like you are trying to look for a reason. Do you want to ignore 20 years of politics to steagall repeal or the 20 years since that? Im pretty sure the house has flipped about 4 or 5 times since then… why havent we given banks stricter rules yet even though the house has been a democratic super majority 7 times since reagan? In fact, i just looked it up and the house was a democratic majority the entire time Reagan was president. It was only up until Clinton in 97 that it switched to a republican super majority…
