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by bijowo1676 23 days ago
ask yourself why did US not become like Norway, despite having new deal until 1970s?

is there something structural that prevents it from becoming Norway ??

1 comments

Unwillingness to embrace socialism?
Unwillingness to engage with social policy for fear of reds under the bed (ginned up by cynical self serving robber barons).
US did embrace socialism with New Deal, but went bankrupt in 1970s and had to get rid of the gold standard