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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...

"...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.

"Austerity did that - and will do again - soon."

- Mark Blyth
Professor of Int'l Economics 
BrownUniversity

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 -



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