(The Guardian) -- In 1956, the Republican party met for its national convention in San Francisco and laid out a platform that won President Dwight D Eisenhower a second term in office.
The Republican platform boasted about raising the minimum wage, expanding social security and increasing the number of workers joining unions.
But in the decades following, the party drifted away from economic populism and the belief that the machinations of government could be put to work to tame the market and empower workers.
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“The nine most terrifying words in the English language are: I’m from the government, and I’m here to help,” Ronald Reagan quipped in 1986. Under Reaganism, the conservative intelligentsia came to view the market as supreme – often in opposition to its own voting base.