Thirty or forty years of the Reagan/Thatcher small government, bonfire of regulation and taxes and we're not yet anywhere near the halcyon days of a new golden age. Their prescription? Bleed the patient an eighth time, it's the only remedy still in the book.
Lower taxes made some sense after the pain of the seventies oil shocks, and the myriad problems they caused, but now it's not even slightly credible. The amazing thing is how many are still taken in.
This isn’t inevitable, despite the framing they spend many dollars to convince you of such.
Makes it very analogous to the scene after 2008, and the attempts at "fixing" the 08 banking crisis economy by not fixing the system but treating the symptom, or even climate change response. The 1920s wealth distribution and economy was structured to set the scene perfectly for the great 1929 crash and great depression. It remains to be seen how closely we track those...
It took a global depression and the two decades leading through WW2 to fix. 1945 on was a very different era. And we forgot - or deliberately threw out - every single lesson and regulation.
Business was doing just fine, and nations had enough income to provide generous and growing services. Wealthy people kept working. CEOs went to work quite happily. Wealth still concentrated at the top, just far, far less of it.
This only really broke with the arrival of the 73 oil crisis.
Seems like a return to something along those lines is long overdue to trim some of the excess greed.