This is a reasoned yet passionate examine how Reaganism—the political philosophy of Ronald Reagan—has significantly broken consultant democracy as created through the nation's founders. in keeping with Williams, Reagan and his top-rated disciple George W. Bush have created a plutocracy the place the U.S. is not any longer a central authority of the folks, via the folk, and for the folk yet is governed by means of the wealthiest contributors and company the US. Refreshingly unafraid to indicate that Reaganism's anti-government fundamentalism stands on toes of clay, Walter Williams asks that americans circulation from their political apathy to concentrate on the politicians and the companies lurking at the back of the ability curtain to determine the risks they characterize to the genuine crucial of the yankee lifestyle.

Williams' most crucial contribution is his prolonged research of the imperative position the foremost institutions—the presidency, Congress, the federal agencies—must play for the U.S. govt to be able in either maintaining consultant democracy and conserving the security and fiscal protection of the yankee humans. a transparent results of the weakened associations has been the grossly insufficient place of origin protection attempt following September eleven, and the large company fraud published via Enron and different huge enterprises that robbed the kingdom of thousands of billions of bucks in inventory values and depleted the pension discount rates of thousands of individuals. The preliminary harmful blow that broken the associations of governance might be traced to Ronald Reagan and his simplistic antigovernment philosophy that fostered rapacious company practices and private greed. The publication additionally takes the media to activity, criticizing the dismal list of failing to enquire the political and company chicanery that has introduced us to this pass.

Keenly argued and scrupulously documented, Walter Williams has written a stinging take-heed call to the hazards of the dying of consultant democracy and the increase of plutocracy that americans can forget about merely at their peril.