Thursday, July 28, 2022

Inequality . . .

(From Evil Geniuses: The Unmaking of America by Kurt Andersen)
". . . From the 1970s through the '90s, all developed countries faced basically the same big new economic conditions - slower economic growth, products manufactured much more cheaply by workers in poorer countries, especially China, and things produced more efficiently using much better, smarter machines. The age-old historical pattern of wages rising right along with productivity got out of sync in other countries well as the United States.  Inequality got worse all over the rich world - but at the end of the day only a bit worse everywhere except America. Because in most other rich countries, the people used politics to soften the blows, share the pain, adapt together. They governed themselves responsibly. . . "


Not Responsible

- Tom Jones



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