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The US solved the problem in the postwar period by taxing the wealthy at high rates, providing subsidized housing and education, and numerous other social democ
by knuththetruth 8y ago
The US solved the problem in the postwar period by taxing the wealthy at high rates, providing subsidized housing and education, and numerous other social democratic benefits to their population. This, combined with liberal immigration policies, resulted in tremendous growth.
- firic 8y agoand of course by bombing all of the competitors factories making the US a monopoly in manufacturing.
- knuththetruth 8y agoYes, that of course was important. But given that today we see greater social mobility in wealthy social democracies than is present in the US demonstrates that this was not the exclusive cause.
- baybal2 8y ago>and of course by bombing all of the competitors factories making the US a monopoly in manufacturing. But also making them poor enough to not to be able to buy anything from America. This is 9 out of 10 people pulling out this argument forgot.