Comment on Take it from a former banker: the budget is for ordinary people. The mega-rich look on and laugh
jlou@mastodon.social 6 months agoWhat do you mean by work in the statement, "Capitalism can work?" @workreform
Comment on Take it from a former banker: the budget is for ordinary people. The mega-rich look on and laugh
jlou@mastodon.social 6 months agoWhat do you mean by work in the statement, "Capitalism can work?" @workreform
Shadywack@lemmy.world 6 months ago
What I mean specifically is the Gilded Age, vs the period of middle class growth during and post WW2. Concepts such as the Public Trust became important during these periods due to the Gilded Age itself and the postwar priorities emphasizing we lift up the nation instead of just the rich. I mean that capitalism is just the tool, albeit with heavy regulations, that generated a great deal of prosperity from the late 50’s through to the 70’s.
That’s the time period a person could graduate from High School and then earn enough to purchase a home and viably support a whole family.