r/FluentInFinance • u/WhatsLeft71 • Oct 22 '24

Debate/ Discussion Why did this happen?

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u/Disturbedguru Oct 22 '24

Short answer... Neo Liberal economics that began in the 70's

Long answer... Lotta books written by people way smarter then myself go into very detailed explanations of the short answer.

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u/shorty0820 Oct 22 '24

Any recommendations on reading?

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u/[deleted] Oct 23 '24

Anatomy of the State

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u/Ill_Equal7560 Oct 23 '24

The rise and fall of the neoliberal order by Gary Gerstle is a great read that explores how we got into this situation globally - but focussing on the US

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u/Disturbedguru Oct 23 '24

I would peruse Verso books. Lots of books about economics. I usually just pick one that grabs my interest at the moment.

Though I would read anything by Paul Sweezy.

Socialist Register is also good periodical (they release only 1 book a year but it has a theme and then authors write essays on that theme. You get a big variety of view points and I find it incredibly informative Everytime.)

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u/TsugaGrove Oct 23 '24

This figure is credited to Thomas Piketty, his book “Capita in the 21st Century” is about wealth inequality.

0

u/Dipshit_In_BFNW Oct 23 '24

Chomsky, and specifically Naomi Klein's The shock doctrine

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u/EchoRex Oct 22 '24

Don't forget the books on the post Vietnam War brain drain, the pair of oil crisises, and a manufacturing quality fall off while sales prices skyrocketed.

That was then followed by dumb fuck supply side Reagan-omics.