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It was neither Thatcher nor Reagan. The answer has a lot to do with post WWII demographics, Asia's rise, and the ways in which liquidity and debt were added to
by rrggrr 10y ago
It was neither Thatcher nor Reagan. The answer has a lot to do with post WWII demographics, Asia's rise, and the ways in which liquidity and debt were added to the global economy without much thought given to how that liquidity and debt would be distributed and relieved. We will look back and marvel at the myopia of the global "boomers".
- zaphar 10y agoWe will look back and marvel at the myopia of the global "boomers". All the while suffering from the exact same myopia.
- emp_zealoth 10y agoWell, they had a lot to do with it. They collapsed real incomes in population with their retarded economic policies then propped the economy with loans or riddiculous policies like Housing Act 1980, gutting of the social contract, reaganomics, fucking Greenspan and fucking Reagan raid on Social Security, fucking Greenspan in general, Reagan's mad ramblings how USA is sent from god to make world great again as he laid the foundation to make the Middle East what it is now