In the Biden era, the Reaganite consensus is finally breaking down.
Illustration by Tim Lahan
In a 1981 speech to the boards of the World Bank and International Monetary Fund, President Ronald Reagan expressed one of the central ideas of the coming era. “The societies which have achieved the most spectacular, broad-based economic progress … believe in the magic of the marketplace.” I have long thought that this and many other Reagan speeches were extraordinary examples of what Michael Sandel has called public philosophy an attempt “to bring moral and political philosophy to bear on contemporary public discourse.”
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