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there are some very real counterexamples. It's hard to argue that the US did not undergo both decreasing inequality and growth between 1860 and 1900. Decreasi
by dnautics 6y ago
there are some very real counterexamples. It's hard to argue that the US did not undergo both decreasing inequality and growth between 1860 and 1900. Decreasing inequality (well a good chunk of the population was no longer chattel slavery, if nothing else), and the US went from "utterly destroyed by a civil war" to "nascent superpower"
more quantitative measures of inequality between 1860-1900 (that probably doesn't take into account slaves) https://voxeu.org/article/american-growth-and-inequality-1700 https://voxeu.org/article/american-growth-and-inequality-170...