[Contentless] ITT you post right now [ASAP] your current thought [Brains][Thinking][Personal][#21] (999)

67 Name: (*゚ー゚) : 1993-09-8294 22:31

Something horrible happened in the late 70s to early 80s and we missed something when we liberalized our markets and international trade, leaving the living standards and employment opportunities of the first world lower and middle classes in serious peril.

I just don't know enough about economics to say what the fix is. Perhaps stagflation was entirely oil crisis-based and just as the problem was self-regulating we dismantled the postwar consensus. Perhaps we just made the wrong calls on liberalizing international trade, especially of currency. Perhaps it was all just a blip and only by rebuilding from a global conflict could conditions so good be enjoyed.

I will one day have to sit down with an economist or two and have them explain it to me, although I have a natural distrust for economists.

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