Breaking point: America approaching a period of disintegration

[David Horn]

(10-05-2016, 06:45 AM)Odin Wrote:

(10-03-2016, 08:18 PM)Mikebert Wrote: For your first point exactly.  For you second, eventually, but not right away:



The figure shows an estimate of GDP per worker than is not captured by the worker as a measure of inequality.  THe drop at the Civil war mostly reflects a 14% share of GDP (reflecting the portion of GDP produced by slaves) shifting from being the property of capital (their owners) to workers (the slaves themselves).  Other measures of inequality such as the faction of estate wealth in selected cities held by the top decile did not show much change.

Interesting that all the previous crises began when the inequality index approached 0.75.

... except this one.  I don't think that's a good thing, by the way.  How unstable will we be if the trigger requires that much to get things started.