3 ms·
> not ever going to be close to the levels we had in the second half of the twentieth century Why not? Lack of inequality wasn't down to Bretton Woods, but to
by NeedMoreTea 7y ago
> not ever going to be close to the levels we had in the second half of the twentieth century
Why not? Lack of inequality wasn't down to Bretton Woods, but to taxation and regulation that were the result of trying imperfectly to learn from the The Great Depression and World War 2.
It's disassembling all of that which has brought us to another gilded age. We're already seeing a rise in extremism and rejection of politics that are very analogous to the thirties. The cult of Neoliberalism from 1980 on, and its socialism for the rich, capitalism for the poor is what is generating the risk.