11-18-2016, 12:31 PM
Warren Dew Wrote:Inequality reached the apparent maximum sustainable levels around 2000 just as they did around 1930.
Inequality has continued to trend up since 2000 up 7% and 10% from 2000 levels in 2010 and 2015, respectively.
Warren Wrote:In 1940, foreign war relieved the inequality for the cycle.
It wasn’t the war. We had foreign war in WW I too, its affect on inequality was temporary. Inequality had peaked in 1926, dipped 16% into 1920, and had risen back in 1928. It would have gone higher by the stock market crash intervened. No it was what was done in WW II and afterward that was different from what was done after WW I that caused inequality to undergo long decline.
Quote:..Trump might be better off starting a war of the industrial elites against the financial elites.
I doubt it, seeing as he is one of those financial elites. The man isn’t an industrialist, he makes deals, mostly financial ones.