Power

Power

May 2026

May 2026

Reaganomics 2.0

Reaganomics 2.0

An observation, not an accusation: the architecture of Reaganomics as a blueprint being used again right now, with new tools.

An observation, not an accusation: the architecture of Reaganomics as a blueprint being used again right now, with new tools.

Listen while reading

Listen while reading

Play this episode without leaving the article.

Play this episode without leaving the article.

0:00/1:34

0:00/1:34

Every policy reversal that has meaningfully damaged Black economic mobility in the last century shares a structural feature rarely named directly: it followed a period of documented gain, not a period of struggle. The pattern is not incidental. It is the mechanism.

Ronald Reagan's economic program rested on four pillars: tax cuts concentrated at the top, deregulation of the industries most likely to exploit working people, the systematic shrinking of social infrastructure, and a trickle-down theory that decades of subsequent data failed to validate. None of these pillars were racially neutral in their construction, though they were frequently defended in race-neutral language. The administration paired those policies with a public narrative, the so-called welfare queen, largely fabricated, that associated government assistance specifically with Black women and fraud. The narrative did real work. It converted a policy debate into a referendum on who deserved sympathy, which made the policy itself easier to pass.

The War on Drugs preceded Reagan, but his administration escalated it into its most consequential form. A 1994 interview with Nixon's own domestic policy chief later confirmed what many communities had understood without confirmation: the campaign against drugs had been substantially designed to criminalize Black communities and antiwar dissent, using drug association as a legal mechanism to achieve what could not be achieved through explicit policy. The Anti-Drug Abuse Act of 1986 encoded that design into sentencing law directly, treating crack cocaine, more common in Black communities, and powder cocaine, more common elsewhere, as functionally different crimes despite being the same substance. The prison population grew from roughly 500,000 in 1980 to over 2.3 million by 2008. Felony disenfranchisement laws ensured that growth removed people from the vote as thoroughly as it removed them from their families and their labor.

What connects this history to the present is not nostalgia; it is recurrence. The same architecture, tax concentration, deregulation, the erosion of protective infrastructure, is visible again in current policy, updated in vocabulary rather than in structure. Voting Rights Act protections have been weakened. DEI programs, framed publicly as generosity rather than as partial correction for exclusion, have been dismantled the moment their cost became politically inconvenient. Six hundred thousand Black women were displaced from the workforce in a single recent cycle, disproportionately from the federal roles, education roles, and HR functions that had represented one of the few reliable pathways into economic stability.

This recurrence deserves to be stated as observation rather than accusation, because the distinction matters. A pattern, once documented across multiple eras, does not require intent behind every individual actor to remain a pattern. What it requires is recognition early enough to matter. The Reagan-era damage took a full decade to become undeniable to the public. The advantage available now, and it is a real advantage, is that the architecture is visible earlier this time, before the outcomes have fully calcified into history.

The wealth gap that resulted from the original era did not simply persist; it compounded. In 1983, median white family wealth stood at roughly seven times median Black family wealth. That gap widened, not narrowed, in the decades that followed, because policy decisions concentrated capital at the top while simultaneously removing the floor beneath the families with the least room to absorb the loss. Entire neighborhoods lost their tax base, their school funding, and their political representation in the same policy cycle that removed their labor force to incarceration.

Everything documented in this essay, the tax structures, the dismantled protections, the decades of policy engineered to concentrate advantage and remove it from everyone else, does not stay abstract. It produces outcomes, in real time, in individual lives. Exodus: The Most Educated documented one of those outcomes directly: a federal indictment at USC in 2019, two students walking the same hallway under two entirely different sets of requirements. That was not a scandal that happened alongside this architecture. It was this architecture, functioning exactly as designed, made visible at the scale of a single campus.

None of this is presented here as settled history with no bearing on the present. It is presented as a blueprint, documented once, now recognizable a second time, updated with new tools but running on the same underlying logic: identify a period of gain, reframe the group experiencing it as a threat or a burden, and remove the protections before the gain becomes permanent.

This remains an early observation, not a closed case. The record from the first era is settled. The record from this one is still being written, in real time, by people paying close enough attention to notice the pattern before it completes.

Every policy reversal that has meaningfully damaged Black economic mobility in the last century shares a structural feature rarely named directly: it followed a period of documented gain, not a period of struggle. The pattern is not incidental. It is the mechanism.

Ronald Reagan's economic program rested on four pillars: tax cuts concentrated at the top, deregulation of the industries most likely to exploit working people, the systematic shrinking of social infrastructure, and a trickle-down theory that decades of subsequent data failed to validate. None of these pillars were racially neutral in their construction, though they were frequently defended in race-neutral language. The administration paired those policies with a public narrative, the so-called welfare queen, largely fabricated, that associated government assistance specifically with Black women and fraud. The narrative did real work. It converted a policy debate into a referendum on who deserved sympathy, which made the policy itself easier to pass.

The War on Drugs preceded Reagan, but his administration escalated it into its most consequential form. A 1994 interview with Nixon's own domestic policy chief later confirmed what many communities had understood without confirmation: the campaign against drugs had been substantially designed to criminalize Black communities and antiwar dissent, using drug association as a legal mechanism to achieve what could not be achieved through explicit policy. The Anti-Drug Abuse Act of 1986 encoded that design into sentencing law directly, treating crack cocaine, more common in Black communities, and powder cocaine, more common elsewhere, as functionally different crimes despite being the same substance. The prison population grew from roughly 500,000 in 1980 to over 2.3 million by 2008. Felony disenfranchisement laws ensured that growth removed people from the vote as thoroughly as it removed them from their families and their labor.

What connects this history to the present is not nostalgia; it is recurrence. The same architecture, tax concentration, deregulation, the erosion of protective infrastructure, is visible again in current policy, updated in vocabulary rather than in structure. Voting Rights Act protections have been weakened. DEI programs, framed publicly as generosity rather than as partial correction for exclusion, have been dismantled the moment their cost became politically inconvenient. Six hundred thousand Black women were displaced from the workforce in a single recent cycle, disproportionately from the federal roles, education roles, and HR functions that had represented one of the few reliable pathways into economic stability.

This recurrence deserves to be stated as observation rather than accusation, because the distinction matters. A pattern, once documented across multiple eras, does not require intent behind every individual actor to remain a pattern. What it requires is recognition early enough to matter. The Reagan-era damage took a full decade to become undeniable to the public. The advantage available now, and it is a real advantage, is that the architecture is visible earlier this time, before the outcomes have fully calcified into history.

The wealth gap that resulted from the original era did not simply persist; it compounded. In 1983, median white family wealth stood at roughly seven times median Black family wealth. That gap widened, not narrowed, in the decades that followed, because policy decisions concentrated capital at the top while simultaneously removing the floor beneath the families with the least room to absorb the loss. Entire neighborhoods lost their tax base, their school funding, and their political representation in the same policy cycle that removed their labor force to incarceration.

Everything documented in this essay, the tax structures, the dismantled protections, the decades of policy engineered to concentrate advantage and remove it from everyone else, does not stay abstract. It produces outcomes, in real time, in individual lives. Exodus: The Most Educated documented one of those outcomes directly: a federal indictment at USC in 2019, two students walking the same hallway under two entirely different sets of requirements. That was not a scandal that happened alongside this architecture. It was this architecture, functioning exactly as designed, made visible at the scale of a single campus.

None of this is presented here as settled history with no bearing on the present. It is presented as a blueprint, documented once, now recognizable a second time, updated with new tools but running on the same underlying logic: identify a period of gain, reframe the group experiencing it as a threat or a burden, and remove the protections before the gain becomes permanent.

This remains an early observation, not a closed case. The record from the first era is settled. The record from this one is still being written, in real time, by people paying close enough attention to notice the pattern before it completes.

Power

Power

May 2026

May 2026

Reaganomics 2.0

Reaganomics 2.0

An observation, not an accusation: the architecture of Reaganomics as a blueprint being used again right now, with new tools.

An observation, not an accusation: the architecture of Reaganomics as a blueprint being used again right now, with new tools.

Listen while reading

Listen while reading

Play this episode without leaving the article.

Play this episode without leaving the article.

0:00/1:34

0:00/1:34

Every policy reversal that has meaningfully damaged Black economic mobility in the last century shares a structural feature rarely named directly: it followed a period of documented gain, not a period of struggle. The pattern is not incidental. It is the mechanism.

Ronald Reagan's economic program rested on four pillars: tax cuts concentrated at the top, deregulation of the industries most likely to exploit working people, the systematic shrinking of social infrastructure, and a trickle-down theory that decades of subsequent data failed to validate. None of these pillars were racially neutral in their construction, though they were frequently defended in race-neutral language. The administration paired those policies with a public narrative, the so-called welfare queen, largely fabricated, that associated government assistance specifically with Black women and fraud. The narrative did real work. It converted a policy debate into a referendum on who deserved sympathy, which made the policy itself easier to pass.

The War on Drugs preceded Reagan, but his administration escalated it into its most consequential form. A 1994 interview with Nixon's own domestic policy chief later confirmed what many communities had understood without confirmation: the campaign against drugs had been substantially designed to criminalize Black communities and antiwar dissent, using drug association as a legal mechanism to achieve what could not be achieved through explicit policy. The Anti-Drug Abuse Act of 1986 encoded that design into sentencing law directly, treating crack cocaine, more common in Black communities, and powder cocaine, more common elsewhere, as functionally different crimes despite being the same substance. The prison population grew from roughly 500,000 in 1980 to over 2.3 million by 2008. Felony disenfranchisement laws ensured that growth removed people from the vote as thoroughly as it removed them from their families and their labor.

What connects this history to the present is not nostalgia; it is recurrence. The same architecture, tax concentration, deregulation, the erosion of protective infrastructure, is visible again in current policy, updated in vocabulary rather than in structure. Voting Rights Act protections have been weakened. DEI programs, framed publicly as generosity rather than as partial correction for exclusion, have been dismantled the moment their cost became politically inconvenient. Six hundred thousand Black women were displaced from the workforce in a single recent cycle, disproportionately from the federal roles, education roles, and HR functions that had represented one of the few reliable pathways into economic stability.

This recurrence deserves to be stated as observation rather than accusation, because the distinction matters. A pattern, once documented across multiple eras, does not require intent behind every individual actor to remain a pattern. What it requires is recognition early enough to matter. The Reagan-era damage took a full decade to become undeniable to the public. The advantage available now, and it is a real advantage, is that the architecture is visible earlier this time, before the outcomes have fully calcified into history.

The wealth gap that resulted from the original era did not simply persist; it compounded. In 1983, median white family wealth stood at roughly seven times median Black family wealth. That gap widened, not narrowed, in the decades that followed, because policy decisions concentrated capital at the top while simultaneously removing the floor beneath the families with the least room to absorb the loss. Entire neighborhoods lost their tax base, their school funding, and their political representation in the same policy cycle that removed their labor force to incarceration.

Everything documented in this essay, the tax structures, the dismantled protections, the decades of policy engineered to concentrate advantage and remove it from everyone else, does not stay abstract. It produces outcomes, in real time, in individual lives. Exodus: The Most Educated documented one of those outcomes directly: a federal indictment at USC in 2019, two students walking the same hallway under two entirely different sets of requirements. That was not a scandal that happened alongside this architecture. It was this architecture, functioning exactly as designed, made visible at the scale of a single campus.

None of this is presented here as settled history with no bearing on the present. It is presented as a blueprint, documented once, now recognizable a second time, updated with new tools but running on the same underlying logic: identify a period of gain, reframe the group experiencing it as a threat or a burden, and remove the protections before the gain becomes permanent.

This remains an early observation, not a closed case. The record from the first era is settled. The record from this one is still being written, in real time, by people paying close enough attention to notice the pattern before it completes.

Every policy reversal that has meaningfully damaged Black economic mobility in the last century shares a structural feature rarely named directly: it followed a period of documented gain, not a period of struggle. The pattern is not incidental. It is the mechanism.

Ronald Reagan's economic program rested on four pillars: tax cuts concentrated at the top, deregulation of the industries most likely to exploit working people, the systematic shrinking of social infrastructure, and a trickle-down theory that decades of subsequent data failed to validate. None of these pillars were racially neutral in their construction, though they were frequently defended in race-neutral language. The administration paired those policies with a public narrative, the so-called welfare queen, largely fabricated, that associated government assistance specifically with Black women and fraud. The narrative did real work. It converted a policy debate into a referendum on who deserved sympathy, which made the policy itself easier to pass.

The War on Drugs preceded Reagan, but his administration escalated it into its most consequential form. A 1994 interview with Nixon's own domestic policy chief later confirmed what many communities had understood without confirmation: the campaign against drugs had been substantially designed to criminalize Black communities and antiwar dissent, using drug association as a legal mechanism to achieve what could not be achieved through explicit policy. The Anti-Drug Abuse Act of 1986 encoded that design into sentencing law directly, treating crack cocaine, more common in Black communities, and powder cocaine, more common elsewhere, as functionally different crimes despite being the same substance. The prison population grew from roughly 500,000 in 1980 to over 2.3 million by 2008. Felony disenfranchisement laws ensured that growth removed people from the vote as thoroughly as it removed them from their families and their labor.

What connects this history to the present is not nostalgia; it is recurrence. The same architecture, tax concentration, deregulation, the erosion of protective infrastructure, is visible again in current policy, updated in vocabulary rather than in structure. Voting Rights Act protections have been weakened. DEI programs, framed publicly as generosity rather than as partial correction for exclusion, have been dismantled the moment their cost became politically inconvenient. Six hundred thousand Black women were displaced from the workforce in a single recent cycle, disproportionately from the federal roles, education roles, and HR functions that had represented one of the few reliable pathways into economic stability.

This recurrence deserves to be stated as observation rather than accusation, because the distinction matters. A pattern, once documented across multiple eras, does not require intent behind every individual actor to remain a pattern. What it requires is recognition early enough to matter. The Reagan-era damage took a full decade to become undeniable to the public. The advantage available now, and it is a real advantage, is that the architecture is visible earlier this time, before the outcomes have fully calcified into history.

The wealth gap that resulted from the original era did not simply persist; it compounded. In 1983, median white family wealth stood at roughly seven times median Black family wealth. That gap widened, not narrowed, in the decades that followed, because policy decisions concentrated capital at the top while simultaneously removing the floor beneath the families with the least room to absorb the loss. Entire neighborhoods lost their tax base, their school funding, and their political representation in the same policy cycle that removed their labor force to incarceration.

Everything documented in this essay, the tax structures, the dismantled protections, the decades of policy engineered to concentrate advantage and remove it from everyone else, does not stay abstract. It produces outcomes, in real time, in individual lives. Exodus: The Most Educated documented one of those outcomes directly: a federal indictment at USC in 2019, two students walking the same hallway under two entirely different sets of requirements. That was not a scandal that happened alongside this architecture. It was this architecture, functioning exactly as designed, made visible at the scale of a single campus.

None of this is presented here as settled history with no bearing on the present. It is presented as a blueprint, documented once, now recognizable a second time, updated with new tools but running on the same underlying logic: identify a period of gain, reframe the group experiencing it as a threat or a burden, and remove the protections before the gain becomes permanent.

This remains an early observation, not a closed case. The record from the first era is settled. The record from this one is still being written, in real time, by people paying close enough attention to notice the pattern before it completes.

Power

Power

May 2026

May 2026

Reaganomics 2.0

Reaganomics 2.0

An observation, not an accusation: the architecture of Reaganomics as a blueprint being used again right now, with new tools.

An observation, not an accusation: the architecture of Reaganomics as a blueprint being used again right now, with new tools.

Listen while reading

Listen while reading

Play this episode without leaving the article.

Play this episode without leaving the article.

0:00/1:34

0:00/1:34

Every policy reversal that has meaningfully damaged Black economic mobility in the last century shares a structural feature rarely named directly: it followed a period of documented gain, not a period of struggle. The pattern is not incidental. It is the mechanism.

Ronald Reagan's economic program rested on four pillars: tax cuts concentrated at the top, deregulation of the industries most likely to exploit working people, the systematic shrinking of social infrastructure, and a trickle-down theory that decades of subsequent data failed to validate. None of these pillars were racially neutral in their construction, though they were frequently defended in race-neutral language. The administration paired those policies with a public narrative, the so-called welfare queen, largely fabricated, that associated government assistance specifically with Black women and fraud. The narrative did real work. It converted a policy debate into a referendum on who deserved sympathy, which made the policy itself easier to pass.

The War on Drugs preceded Reagan, but his administration escalated it into its most consequential form. A 1994 interview with Nixon's own domestic policy chief later confirmed what many communities had understood without confirmation: the campaign against drugs had been substantially designed to criminalize Black communities and antiwar dissent, using drug association as a legal mechanism to achieve what could not be achieved through explicit policy. The Anti-Drug Abuse Act of 1986 encoded that design into sentencing law directly, treating crack cocaine, more common in Black communities, and powder cocaine, more common elsewhere, as functionally different crimes despite being the same substance. The prison population grew from roughly 500,000 in 1980 to over 2.3 million by 2008. Felony disenfranchisement laws ensured that growth removed people from the vote as thoroughly as it removed them from their families and their labor.

What connects this history to the present is not nostalgia; it is recurrence. The same architecture, tax concentration, deregulation, the erosion of protective infrastructure, is visible again in current policy, updated in vocabulary rather than in structure. Voting Rights Act protections have been weakened. DEI programs, framed publicly as generosity rather than as partial correction for exclusion, have been dismantled the moment their cost became politically inconvenient. Six hundred thousand Black women were displaced from the workforce in a single recent cycle, disproportionately from the federal roles, education roles, and HR functions that had represented one of the few reliable pathways into economic stability.

This recurrence deserves to be stated as observation rather than accusation, because the distinction matters. A pattern, once documented across multiple eras, does not require intent behind every individual actor to remain a pattern. What it requires is recognition early enough to matter. The Reagan-era damage took a full decade to become undeniable to the public. The advantage available now, and it is a real advantage, is that the architecture is visible earlier this time, before the outcomes have fully calcified into history.

The wealth gap that resulted from the original era did not simply persist; it compounded. In 1983, median white family wealth stood at roughly seven times median Black family wealth. That gap widened, not narrowed, in the decades that followed, because policy decisions concentrated capital at the top while simultaneously removing the floor beneath the families with the least room to absorb the loss. Entire neighborhoods lost their tax base, their school funding, and their political representation in the same policy cycle that removed their labor force to incarceration.

Everything documented in this essay, the tax structures, the dismantled protections, the decades of policy engineered to concentrate advantage and remove it from everyone else, does not stay abstract. It produces outcomes, in real time, in individual lives. Exodus: The Most Educated documented one of those outcomes directly: a federal indictment at USC in 2019, two students walking the same hallway under two entirely different sets of requirements. That was not a scandal that happened alongside this architecture. It was this architecture, functioning exactly as designed, made visible at the scale of a single campus.

None of this is presented here as settled history with no bearing on the present. It is presented as a blueprint, documented once, now recognizable a second time, updated with new tools but running on the same underlying logic: identify a period of gain, reframe the group experiencing it as a threat or a burden, and remove the protections before the gain becomes permanent.

This remains an early observation, not a closed case. The record from the first era is settled. The record from this one is still being written, in real time, by people paying close enough attention to notice the pattern before it completes.

Every policy reversal that has meaningfully damaged Black economic mobility in the last century shares a structural feature rarely named directly: it followed a period of documented gain, not a period of struggle. The pattern is not incidental. It is the mechanism.

Ronald Reagan's economic program rested on four pillars: tax cuts concentrated at the top, deregulation of the industries most likely to exploit working people, the systematic shrinking of social infrastructure, and a trickle-down theory that decades of subsequent data failed to validate. None of these pillars were racially neutral in their construction, though they were frequently defended in race-neutral language. The administration paired those policies with a public narrative, the so-called welfare queen, largely fabricated, that associated government assistance specifically with Black women and fraud. The narrative did real work. It converted a policy debate into a referendum on who deserved sympathy, which made the policy itself easier to pass.

The War on Drugs preceded Reagan, but his administration escalated it into its most consequential form. A 1994 interview with Nixon's own domestic policy chief later confirmed what many communities had understood without confirmation: the campaign against drugs had been substantially designed to criminalize Black communities and antiwar dissent, using drug association as a legal mechanism to achieve what could not be achieved through explicit policy. The Anti-Drug Abuse Act of 1986 encoded that design into sentencing law directly, treating crack cocaine, more common in Black communities, and powder cocaine, more common elsewhere, as functionally different crimes despite being the same substance. The prison population grew from roughly 500,000 in 1980 to over 2.3 million by 2008. Felony disenfranchisement laws ensured that growth removed people from the vote as thoroughly as it removed them from their families and their labor.

What connects this history to the present is not nostalgia; it is recurrence. The same architecture, tax concentration, deregulation, the erosion of protective infrastructure, is visible again in current policy, updated in vocabulary rather than in structure. Voting Rights Act protections have been weakened. DEI programs, framed publicly as generosity rather than as partial correction for exclusion, have been dismantled the moment their cost became politically inconvenient. Six hundred thousand Black women were displaced from the workforce in a single recent cycle, disproportionately from the federal roles, education roles, and HR functions that had represented one of the few reliable pathways into economic stability.

This recurrence deserves to be stated as observation rather than accusation, because the distinction matters. A pattern, once documented across multiple eras, does not require intent behind every individual actor to remain a pattern. What it requires is recognition early enough to matter. The Reagan-era damage took a full decade to become undeniable to the public. The advantage available now, and it is a real advantage, is that the architecture is visible earlier this time, before the outcomes have fully calcified into history.

The wealth gap that resulted from the original era did not simply persist; it compounded. In 1983, median white family wealth stood at roughly seven times median Black family wealth. That gap widened, not narrowed, in the decades that followed, because policy decisions concentrated capital at the top while simultaneously removing the floor beneath the families with the least room to absorb the loss. Entire neighborhoods lost their tax base, their school funding, and their political representation in the same policy cycle that removed their labor force to incarceration.

Everything documented in this essay, the tax structures, the dismantled protections, the decades of policy engineered to concentrate advantage and remove it from everyone else, does not stay abstract. It produces outcomes, in real time, in individual lives. Exodus: The Most Educated documented one of those outcomes directly: a federal indictment at USC in 2019, two students walking the same hallway under two entirely different sets of requirements. That was not a scandal that happened alongside this architecture. It was this architecture, functioning exactly as designed, made visible at the scale of a single campus.

None of this is presented here as settled history with no bearing on the present. It is presented as a blueprint, documented once, now recognizable a second time, updated with new tools but running on the same underlying logic: identify a period of gain, reframe the group experiencing it as a threat or a burden, and remove the protections before the gain becomes permanent.

This remains an early observation, not a closed case. The record from the first era is settled. The record from this one is still being written, in real time, by people paying close enough attention to notice the pattern before it completes.