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The idea that inequality goes up with growth and growth goes down with equality was cited without a shred of supporting evidence. I presented two examples that
by crdoconnor 10y ago
The idea that inequality goes up with growth and growth goes down with equality was cited without a shred of supporting evidence.
I presented two examples that indicated (although did not prove) that the opposite could happen.
How is that massively unfair exactly?
There might have been no competition for American manufacturing but that didn't automatically mean that the American middle class had to come into existence and be imbued with since unsurpassed spending power. If there were no Marshall Plan it's not like there would have been demand for American products and services either in spite of them being the sole manufacturing superpower - since other countries couldn't afford them.
The decisions that imbued the middle class with spending power and gave money to Europe/Japan that enabled them to buy American products were deliberate political decisions that led not only to greater levels of equality, but greater levels of growth through higher demand.