Re:How the U.K. Became One of the Poorest Countries in Weste...
by TheOtherHobbes on Tuesday October 25, 2022 @07:29PM
(#33337629)
Which is the year Bretton Woods ended, and productivity gains began to be captured by speculators instead of being shared with workers.
In STEM we've seen huge stagnations in frontier research, breakthrough physics, and academic originality. And the arts are hardly in a healthier state.
Financially we're in a 30s-style depression but the media are being careful not to call it out as such.
Clearly this is Not Working.
An economy that privileges a few hundred billionaires at the expense of everyone else is not prosperous, stable, secure, or capable of real invention.
In STEM we've seen huge stagnations in frontier research, breakthrough physics, and academic originality. And the arts are hardly in a healthier state.
Financially we're in a 30s-style depression but the media are being careful not to call it out as such.
Clearly this is Not Working.
An economy that privileges a few hundred billionaires at the expense of everyone else is not prosperous, stable, secure, or capable of real invention.