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balozi
24 days ago
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The labor share of income in the US is at its lowe...
For what its worth Ross Perot had an ominous take on the effects of free trade back in the 90s with his "giant sucking sound" observation.
imightbebatman
24 days ago
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The root of this started in the 70s as the New Deal coalition decayed and Keynesian economic theory fell out of favor among the elites.
To be fair their were good reasons at the time to think it wasn't working either.
to11mtm
24 days ago
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Worth noting that the Bretton Woods system was -not- quite what Keynes wanted...
imightbebatman
24 days ago
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No, yea that's fair. I think he'd be even more confounded about the current state of affairs though. Just my read.
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