He gave us the free will to be an atheist, as selfishness is a flawed human, being atheist doesn’t grant a dispensation. Which is about how we are to try to treat others, within our means. But this is about our flawed nature and unrighteousness.
What happened in the 1970s?
a.) Reagan was electedin the early 1970s?
b.) The Great Society programs were instituted and we came off the gold standard?
(HINT: You learn of these things in econ class another one from partisan talking points.)
The oil crisis of the early 70’s, along with Watergate caused the economy to crash, with double digit inflation…that was NOT Reagan’s fault. what happen in the next decade, w/out a huge event like the oil crisis to deal with is his fault…By implementing neoliberal economics we can now see the results.
Yeah right?
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Anyway, ecoomies work like this:
1970s:
Corporation buys a $10 shovel for every worker.
Small investment per worker = small % of GDP goes to investors.
(Larger % to workers.)
2000s:
Corporation buys a $100,000 backhoe for every worker.
Investment needed per worker is 10,000 times larger = a MUCH larger % of GDP goes to investors.
(Smaller % to worker.s)
Think about it. If you own a company and you have to invest $100,000 for every worker are you gonna split the take with him 50/50?
In an economy that is made up of I dunno . . . rice farmers 100% of the GDP goes to labor and 0% goes to capital.
In an economy that needs a little investment a little money goes to the investors who provide it.
In an economy composed of a lot of investment a lot of the GDP goes to investors.
Ergo the people who provide nothing but labor get less in one economy and more in the other as an economy becomes more capital intensive more of its net goes to those who provide capital.
This might be a good thing.
This might be a bad thing.