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ska_mna

Great Prosperity Vs Great Regression

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Great infographic in the New York Times showing the periods 1947 to 1979 vs 1980 up until current:

04reich-graphic-popup.jpg

Original graphic >

Check out how now 71% of women with children under 18 have to work to sustain household spending (dual income households). Talk about median family pressures, the middle classes are utterly screwed.

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Check out how now 71% of women with children under 18 have to work to sustain household spending (dual income households). Talk about median family pressures, the middle classes are utterly screwed.

...yes...but..the greater income encouraged higher borrowing and the lenders didn't understand how to handle this ...thus multiples were higher attracting greater problems in the bust..... :rolleyes:

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Part of the reason for the post war prosperity from 1947 to 1979 was that a lot needed to be rebuilt and the wealth that this labour generated neeeded to be shared more evenly than before (and since). Why? There seem to be two main reasons. First, the working and middle classes had been bled heavily during the war and weren't going to take much crap from their betters, that is, more assertiveness got them a bigger slice of the pie they were making). Secondly, their betters were very scared of a real and present danger of an alternative way of organising society (communism) so they were prepared to share more of that pie.

Basically those two things need to be reactivated: more assertiveness from the wage slaves, and some fear in the super rich that they might lose their privileged position.

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Part of the reason for the post war prosperity from 1947 to 1979 was that a lot needed to be rebuilt and the wealth that this labour generated neeeded to be shared more evenly than before (and since). Why? There seem to be two main reasons. First, the working and middle classes had been bled heavily during the war and weren't going to take much crap from their betters, that is, more assertiveness got them a bigger slice of the pie they were making). Secondly, their betters were very scared of a real and present danger of an alternative way of organising society (communism) so they were prepared to share more of that pie.

Basically those two things need to be reactivated: more assertiveness from the wage slaves, and some fear in the super rich that they might lose their privileged position.

Funny thing is, EVERYONE did better in the earlier period.. redistribution benefits all, apparently.

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Luckily, we are now entering the Great Reversion 2011-2041.

Buckle up, plutocrats. It's going to be fun watching you try to preserve your leveraged wealth through the greatest credit contraction in history.

Edited by Dorkins

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Its a VERY US centric view... the UK suffered throughout the 1970s, wages didn't keep up in the 1970s in the uk... The UK also got the great depression in the 1920s 10 years before the US, things dont happen at the same time around the world.

Edited by AteMoose

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Funny thing is, EVERYONE did better in the earlier period.. redistribution benefits all, apparently.

It probably does. The guy who earns 10 times what his neighbour does, doesn't buy 10 cars and 10 computers. ... Instead he's bought the house his neighbour is living in and rented it out to him. That's not economic progress.

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Its a VERY US centric view... the UK suffered throughout the 1970s, wages didn't keep up in the 1970s in the uk... The UK also got the great depression in the 1920s 10 years before the US, things dont happen at the same time around the world.

Maybe the technology (speed of travel, information distribution, cost of shipping, etc) had something to do with the delays. It's all more synchronised now.

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Part of the reason for the post war prosperity from 1947 to 1979 was that a lot needed to be rebuilt and the wealth that this labour generated neeeded to be shared more evenly than before (and since). Why? There seem to be two main reasons. First, the working and middle classes had been bled heavily during the war and weren't going to take much crap from their betters, that is, more assertiveness got them a bigger slice of the pie they were making). Secondly, their betters were very scared of a real and present danger of an alternative way of organising society (communism) so they were prepared to share more of that pie.

Basically those two things need to be reactivated: more assertiveness from the wage slaves, and some fear in the super rich that they might lose their privileged position.

I think its more that with half of the worlds population behind an iron or bamboo curtain educated labour was in short supply up until the late 1980s

Now it isn't

There about 150m university graduates a year now, about half coming from Asia

In 20 years graduate numbers in the West are up about 25% to 33%, in asia they have pretty much doubled

I would expect things to get worse before they get better

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Funny thing is, EVERYONE did better in the earlier period.. redistribution benefits all, apparently.

Logically its much easier to make money in a society where the masses of people have lots of money.

While in a second society where almost everyone is broke. You could have a great service your business is offering, but get few customers simply because people don`t have money.

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Luckily, we are now entering the Great Reversion 2011-2041.

Buckle up, plutocrats. It's going to be fun watching you try to preserve your leveraged wealth through the greatest credit contraction in history.

indeed.

they think they've been terribly smart by selling everyone paper and buying physical resources(ie commodities/agriculture/transport systems etc) in an attempt to corner that particular market.

they have not yet realised they have been sussed.

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Buckle up, plutocrats. It's going to be fun watching you try to preserve your leveraged wealth through the greatest credit contraction in history.

:lol: Bloomberg as a sports channel in which the contestants vie with each other to find the safest place to stash their huge pile of IOU's before the sound of a bursting bubble ends the game.

Edited by wonderpup

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  • 284 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?


      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%



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