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Keynesian economics was the driving force behind the period of lowest inequality in the 20th century. The drive from the 1980's toward privatisation, towards su
by monkeydreams 9y ago
Keynesian economics was the driving force behind the period of lowest inequality in the 20th century. The drive from the 1980's toward privatisation, towards supply-side incentives (e.g. lowering wage costs, taxes on profit, etc) are what have driven the current inequality to a large degree.
Lowering interest rates to middle and lower classes builds bubbles and disincentives savings, etc.