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by throwawayzRUU6f
1861 days ago
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US economy was almost a full autarchy in the 50s and 60s - imports and exports as percentage of GDP were at all time low - at about 3-4%. Meaning 96-97% of the economy was done by Americans for Americans - it was a closed system. The stagnation in standards of living since the 80s is fully engineered - it's a choice. Tax cuts, regulatory changes, disarming the antitrust, union busting, deregulation of finance and similar changes redistributed $47 trillion to the top 10% from 1975 through 2018 (1), enough to give every worker in the bottom 90% a raise of $1140 per month. (1) https://time.com/5888024/50-trillion-income-inequality-ameri... |
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