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The US gained its advantage during the 40s-70s, when the government sector was a much larger percentage of the economy. We've been coasting on the efforts of t
by kaonashi 5y ago
The US gained its advantage during the 40s-70s, when the government sector was a much larger percentage of the economy. We've been coasting on the efforts of that period and are now losing ground to countries that have their act together.
- opo 5y ago>...The US gained its advantage during the 40s-70s, when the government sector was a much larger percentage of the economy. The government sector is larger now than pretty much anytime since the end of WW II. The US gained its advantage when it was the only industrialized country that wasn't devastated by WW II. https://taxfoundation.org/short-history-government-taxing-and-spending-united-states/ https://taxfoundation.org/short-history-government-taxing-an...
- kaonashi 5y agothat's mostly due to financial bailouts. https://fred.stlouisfed.org/graph/?g=8fX https://fred.stlouisfed.org/graph/?g=8fX