Reaganites suddenly lost all credibility. The further down that dead end road, the more unstable the stock markets become, experiencing massive convulsions at an ever increasing pace.
A storm brews from this aimless pursuit of wealth fabrication. We need economic policies that serve the interests of all the humans that comprise a society - not just those climbing on the heads of their brothers and sisters to get to the top of the heap.
We're building a giant human pyramid of exploitation, with hundreds of millions of indebted and soon-to-be-insolvent people forming the slushy base. It's all built on sand. You can guess how that's likely to turn out. Eventually it's so fragile and precarious that all it takes is for someone to sneeze and the whole thing comes collapsing to the ground. Sound familiar?