Back in the years before Reagan, a real estate lobbying group called the Foundation for Economic Education (FEE) came up with the idea of creating a political party to justify deregulating the real estate and finance industries so they could make more money. The party would give them ideological and political cover, and they developed an elaborate theology around it.
It was called the Libertarian Party, and their principal argument was that if everybody acted separately and independently, in all cases with maximum selfishness, that that would benefit society. There would be no government needed beyond an army and a police force, and a court system to defend the rights of property owners.
In 1980, billionaire David Koch ran for vice president on the newly formed Libertarian Party ticket. His platform was to privatize the Post Office, shut down all public schools, privatize Medicare and Medicaid, end food stamps and all other forms of “welfare,” deregulate all corporate oversight, and sell off much of the federal government’s land and other assets to billionaires and big corporations.
Since then, Libertarian billionaires and right-wing media have been working hard to get Americans to agree with Ronald Reagan’s statement from his first inaugural address that, “[G]overnment is not the solution to our problem; government is the problem.”
- Thom Hartmann