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Transcripts for MSNBC Morning Joe 20211231 11:39:00

rather than the new deal. it is not just lower taxes and deregulation, it is college becoming more essential and unaffordable. it is all business regulations, about all taxes are bad. let s crush the unions which was done, of course, let s cut minimum wages, let s take fewer and fewer people out of the overtime pay situation. let s take away private pensions, let s make all of it, all of that stuff changed in the 80s, and so much of it happened slowly in its effects. taxes were lowered immediately. and it is a big deregulation thing. but not all deregulation is bad as i say in the book. all these other things, all these millions of small, large, sometimes invisible changes took in some cases a generation to show up and produce this incredible inequality, insecurity, immobility that we find ourselves with starting at the end of the century.

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