by Absolutely superb lecture by Mark Blyth about why people are turning to populism. His answer to get people back to the center (but not neoliberalism, which is finished, he says -. Free College education . Subsidized Childcare .Single payer Healthcare .Corporate Reform of 'Shareholder Value' Culture .Breaking Up Digital Monopolies This is European style social democracy in the old fashioned sense, i.e, not neoliberalism.Mark Blyth explains what went wrong in the 1970's where inflation shot right up which was due to full employment policies of governments which meant workers could easily walk out and find better paid jobs so companies put their prices up to pay for the wage rises but then unions demanding more pay rises to keep up with the inflation. But later on Mark Blyth says it was
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. Free College education
. Subsidized Childcare
.Single payer Healthcare
.Corporate Reform of 'Shareholder Value' Culture
.Breaking Up Digital Monopolies
This is European style social democracy in the old fashioned sense, i.e, not neoliberalism.
Mark Blyth explains what went wrong in the 1970's where inflation shot right up which was due to full employment policies of governments which meant workers could easily walk out and find better paid jobs so companies put their prices up to pay for the wage rises but then unions demanding more pay rises to keep up with the inflation. But later on Mark Blyth says it was noise, not policy, which was responsible for the inflation, in other words, down to chaos theory, I guess, which only occurred in the 1970's, but all present economic theory (neoclassical) is based on that blip, so now we have super low inflation and interests rates but savers and pension funds suffer.