Interesting analysis. I would say economic models that take after Reaganomics are a product of, and inevitable in capitalism. Profit incentives upheld by the system itself has to lead towards someone getting the short end of the stick. After all what is profit? Assuming the absence of technological innovation, no capital is created, it’s only rearranged among entities and individuals. It’s probabilistically unlikely said capital will be distributed equally or efficiently. We can point out the flaws in how certain administrations conducted fiscal policy as much as we want, but our solutions need to be preventative, not mitigatory after the fact.
Interesting analysis. I would say economic models that take after Reaganomics are a product of, and inevitable in capitalism. Profit incentives upheld by the system itself has to lead towards someone getting the short end of the stick. After all what is profit? Assuming the absence of technological innovation, no capital is created, it’s only rearranged among entities and individuals. It’s probabilistically unlikely said capital will be distributed equally or efficiently. We can point out the flaws in how certain administrations conducted fiscal policy as much as we want, but our solutions need to be preventative, not mitigatory after the fact.
No argument here. I think you'll like the economy I propose in my Civic Constitution. It does a novel thing with money, imo.