The middle has fallen out of the American economy—precipitously since 2008, but it’s been falling out slowly and cumulatively for the past 40 years. Far from a statistical oddity, 1974 marked an epochal turn. The age of economic security ended. The age of anxiety began.
Viking Sword: There is no alternative, but for the state to take control of a large part of production, and the subsequent distribution of services ... The most successful model for keeping social peace, decent social relationships and welfare have been the earlier Scandinavian type mixes of substantial state ownership with a reasonable private. The problem for Scandinavia has been the fact that those are small economies that are forced to interact with the global economy that runs according to different rules ... The world would need to substantially move to the same system for that to work ...
jfuller: “The one I bookmarked most recently is here (New Statesman, "How science is telling us all to revolt ".)”
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