My feeling is that our modern prosperity was the result of number 1. We had the world's only intact industrial plant after WWII.
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Agree in part. Tho also think we used other techniques to keep playing field skewed until last 15 years.
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Yes & no. I've looked at lots of data since 1970, & it seems to be more like rearranging chairs on the Titanic than prosperity.
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or 2-Finding new, untapped resources (which are always cheap) to exploit.
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ideology. Preceeded it by about 2 decades.
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Been a long journey, but the answer, I think, lies in misapprehension of "prosperity."
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I think prosperity has been wrongly construed as material self-sufficiency (which fuels consumerism)...
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Ancillary effect is disconnect from social networks, that were, in part, held together by need to share....
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My definition is specific: 1-Middle skilled workers can buy a home
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But the early warning signs began appearing in 1965, when inflation began creeping upward, in spite of the Bretton Wood.
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We managed to stash away so much wealth from the 50's & 60's we managed to coast on that until abt 1991.
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Presperity seems to be the result of one of two things: 1-Your competition destroys itself
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Thought-provoking article. Hope a lot of ppl see it. US pols need to wake up before it's too late!
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Mortality profiles of South Boston and Roxbury were close to identical. (Irony: this is when they were at war over busing.) 2/2
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Higher mortality rates of impoverished whites isn’t a new thing. I did work on it in the 70s. http://www.nejm.org/doi/full/10.1056/NEJM197706092962315 … 1/2
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