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View Diary: Open thread for night owls: A crucial victory won. Now to change the system (105 comments)

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  •  Good post on the unhealthy rebalancing around 1970 (1+ / 0-)
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    Eric Nelson

    1970 is roughly when "advanced country" growth dropped by about half and never really recovered for the long term.

    A key balance was departed from right around then. See today's Paul Krugman:

    At the very heart of all this is that more inclusiveness leads to more innovation which is at the core of all dependable  growth.

    By creaming off all of the growth gains investors and top executives slow down the bus for everybody. A Dow Jones index right where it was about 12 years ago actually says that.

    Watch it now happening in China.

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