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Right but I don't see what anything of what you just said has to do with the invisible hand.
by komali2 8y ago
Right but I don't see what anything of what you just said has to do with the invisible hand.
- defertoreptar 8y agoI'm talking about the post-World War II economic expansion seen in USA, aka "the golden age of capitalism."
- unparagoned 8y agoYou mean when the tax rates on the wealthy were very high?
- defertoreptar 8y agoYou're arguing that the economic expansion was a result of taxing the wealthy? Or, are you saying that because there are ways that this wasn't "the one true capitalism," then that means my whole point is invalid?
- komali2 8y agoWell, I'm still not sure what your point was. I think you were arguing that America's prosperity was due to the invisible hand. I'd argue it was the government creating industries such as infrastructure projects and war.