Both Reagan-era 'consumer capitalism' (borrowing rather than saving) and Obama-era 'low tax socialism' are oxymoronic and deeply unstable; eventually either taxes must rise or the socialism ends, because such arrangements are predicated on unsustainable growth.
causalpending
Speaker
Peter ThielEvidence Quote
“Reagan was consumer capitalism, which is oxymoronic... And Obama was low tax socialism... At some point you either the taxes go up or the socialism ends. So it's deeply, deeply unstable.”
Source
A.I., Mars and Immortality: Are We Dreaming Big Enough? | Interesting Times with Ross Douthat— Interesting Times with Ross DouthatCreated: 6/18/2026, 2:32:27 PM
My Notes
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