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It’s very hard for me to look at a society where Wall Street captures 3-5x the profits it did in the 1970s and yet the economy produces overall lower growth, and say “everything is well here.”
I can't really argue with you because what you've presented is a correlation, not a mechanism. There's nothing to consider.
(I actually haven't even seen evidence that it's a particularly good correlation, actually. Funny how difficult it is to notice this stuff when it's so deeply embedded in the narrative...)
You haven’t proposed a mechanism for how healthcare and education — traditionally regulated industries — have now become captured. If this is the intellectual standard, the burden on you seems particularly strong since you’re proposing both a diagnosis and a treatment.
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