Would the Western World have been better off without Raeganomics?

Solidaire

Ad Honorem
Aug 2009
5,423
Athens, Greece
#61
Woah. Ignore? I'm asking questions. You are "guessing." You know what's worse than ignoring? Claiming there are issues without a hint of solutions. And then leaving it to "specialists" is even worse. I don't prefer to abdicate my civic responsibilities to the "specialists." Unchecked bureaucracy leads to all kind of abuse. Call me skeptical. I've heard this song and dance before and seen attempts to 'correct' throughout history. See Venezuela.
What are you talking about? You are skeptical about what? That we have extreme inequality, or that it is harmful to the economy? You want me to measure inequality, or to tell you my personal opinion? I've showed you two organisations that are on the liberal side of economics, too liberal as a matter of fact. And they both agree that both issues are a yes, we do have extreme inequality, and it is harmful to the economy. What else do you need to be convinced?
 

Rodger

Ad Honorem
Jun 2014
5,645
US
#62
What are you talking about? You are skeptical about what? That we have extreme inequality, or that it is harmful to the economy? You want me to measure inequality, or to tell you my personal opinion? I've showed you two organisations that are on the liberal side of economics, too liberal as a matter of fact. And they both agree that both issues are a yes, we do have extreme inequality, and it is harmful to the economy. What else do you need to be convinced?
I am skeptical that it can be properly corrected.
 

GogLais

Ad Honorem
Sep 2013
5,039
Wirral
#64
No one denies the economy was much better in the '80s than in the '70s. The question is, how much credit does Reagan deserve? How much did Reagan do himself and how much would have happened without him? The economy goes in cycles. It never stays bad for long. After 10 years or so of high inflation and unemployment, it was pretty much guaranteed to get better in the '80s regardless of who was president. No doubt Reagan helped a little, but I think he gets more credit than he deserves.
One can’t compare the two decades without taking the huge hike in oil prices in the 70s into account.