05-19-2019, 11:59 PM
The neo-liberal revolution started at the end of the 1970s, and from there on
- The rich increasingly appropriated the spoils of economic growth, profits and stock prices soured
- Median wages stagnated and are further under pressure as a result of spiraling healthcare and education cost
- Economic growth declined
- Economic insecurity and anxiety increased as labor was attacked from all sides, unions, collective bargaining rights, minimum wages all under attack through legislative efforts, out-sourcing and relocation of business
- Happiness declined
- The US became less and less meritocratic
- Economic concentration and power increased
- Life expectancy actually declined the last couple of years, unique in the Western world
- Deregulation led to unopposed corporate power producing disasters in the healthcare sector (with spiraling medical cost, medical bankruptcies, avoidable debts and the opioid crisis), financial instability and crisis as the main consequences.