Chapter

Dreams of Revolution

Michael Dennis

in The New Economy and the Modern South

Published by University Press of Florida

Published in print January 2009 | ISBN: 9780813032917
Published online September 2011 | e-ISBN: 9780813038407 | DOI: http://dx.doi.org/10.5744/florida/9780813032917.003.0007
Dreams of Revolution

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Corporate incentives were part of a larger movement to make business the principal agent of social policy. Advocates believed that tax breaks, anti-labor policies, and minimal environmental regulation would reverse industrial decline, combat global competition, and restore American responsibility. Free market libertarianism was the central tenet of this worldview, and Virginia became one of its leading purveyors. The Republican Party was the central exponent of this perspective, but by no means was it the only one: the neoliberal agenda which came to dominate American society in the 1990s and which southern business and political elites stridently championed was never a strictly partisan affair. In rejecting the social democratic heritage of the New Deal and adopting a business-first philosophy, the Democrats assisted the Republicans in promoting the market-oriented agenda.

Keywords: Republicans; Democrats; politics; free market; neoliberal agenda; corporate incentives

Chapter.  10793 words. 

Subjects: History of the Americas

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