Investor Politics: The New Force That Will Transform American Business, Government, and Politics in the Twenty- First Century, by John Hood (Templeton, 308 pp., $24.95)
IN the post-Reagan era, conservatives have aggressively pursued two major economic-policy objectives: lower marginal tax rates and the privatization of Social Security. On taxes, the struggle is ongoing, but Republicans have won more battles than they have lost; marginal tax rates are now about half as high as they were when Reagan took office. The Social Security skirmishes, however, are another story. Every election year, conservatives roll out plans for privatization; Democrats respond with highly effective efforts to induce hysteria, by suggesting that the GOP is preparing to float America’s senior citizens away on an iceberg.
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