BOOMERBUSTER

BOOMERBUSTER
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Sunday, May 17, 2015

RE PURGATIVE FOR PIKETTY'S DIVERGENCE DISCUSSION TRY STEINGART'S ACCOUNT OF CONVERGENCE

I recommend especially, if you have the stomach for it, his heart warming passage entitled "The Market's Iron Fist: Lower Wages or No Wages at All" p 136

You can tell your grandchildren that your boomer generation made it happen. It is a happening thing. (Although this is not, technically, true. The process had been going on back into the 19th Century, but really took off during and after WWI, Wilson, FDR, Anglo American Establishment, WWII gave it a decisive boost, etc etc.)

American liberals like to talk about it as a 1980, and after, thing. 

Profoundly untrue.

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