Reaganism As Corporate Liberalism: Implications For The American Future

The “corporate liberal” regime that held together in America from the end of World War I1 to the 1960s was marked by broad agreement on ideology, public policy and a stable ruling coalition centered in the Democratic Party. This regime unraveled in the late 1960s and 1970s with the relative decline in American military and economic hegemony and the rise of a “left liberal insurgency”. Key corporate liberal intellectuals and constituencies migrated to the Republican Party under Reagan. Reaganism will not sustain itself because its coalition partners are too disparate, its failure to transform the Republicans into a majority party, a lack of consensus on many issues, and the continued decline of the U.S. in the international economy. Corporate liberalism will find itself migrating to a revitalized Democratic Party, under a centrist leadership favoring fiscal responsibility, government‐corporate partnerships, and a more efficient military.