Posts: 8768
posted on 1/4/2022 22:53Bad economics - Gramsci.
"In 2007, on the eve of the financial crisis, the average Briton was richer than the average American.
"GDP per capita was $50,653 UK and $47,975 US. By 2019, on the eve of covid, the American figure was $65,280 while Britain’s was $43,070...
- “The Party told you to reject the evidence of your eyes and ears. It was their final, most essential command.” - George Orwell -
"GDP per capita was $50,653 UK and $47,975 US. By 2019, on the eve of covid, the American figure was $65,280 while Britain’s was $43,070...
"...In the decade or so after the financial crisis, America grew roughly 30% richer, while the UK became 20% poorer.
"The prosperity gap from the US to the UK is now the same size as the gap from the UK to Greece.
"The prosperity gap from the US to the UK is now the same size as the gap from the UK to Greece.
"Austerity did that - and will do again - soon."
- Mark Blyth
- Mark Blyth
Professor of Int'l Economics
BrownUniversity
And of the Watson Institute.
And of the Watson Institute.
- “The Party told you to reject the evidence of your eyes and ears. It was their final, most essential command.” - George Orwell -
- Bad economics - Gramsci. 1/4 22:53 (read 1677 times, 2 posts in thread)
- Re: it's not a cost of living crisis - Snout 2/4 12:48 (read 1527 times)