Thursday, July 28, 2011

American Net worth before and after "free trade"

And then there are always real world results for those to which it matters;

American Household Net Worth

Before free trade;
1980 to 1995 Net worth ~tripled from $9.5 trillion to $27.9 trillion

After Free Trade;
1995 to 2010 Net worth ~doubled from $27.9 trillion to $57.1 trillion

I suspect that there is some sort of neat fancy thing none of use have that never was developed because of the current global neoliberal economic stagnatory inefficiency.

So when you say its cool because everyone has a internet cell phone that looks like we are doing better then before but the question is could we have been doing even better. I suspect if progressive policies had dominated these last 25 years or so our cell phones would be Star Trek like transporters by now. Oh well… civilization progresses in spite of neoliberal drag so produced.

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