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smallmancontrov 3 hours ago

You can't have financialization without deindustrialization and he didn't push in that direction, he shoved. This macroeconomic story is 500 years old. He knew what he was doing.

DaedalusII an hour ago | parent [-]

you give the 'elites' far too much credit. reagan was a tv cowboy that got elected because he was really popular, and cut taxes. Bush 1 was a cowboy and oil man from texas, and clinton was a cowboy from arkansas who made money trading cattle futures and doing land deals in the ozarks. Bush 2 grew up in rural texas and had a GPA of 2.35.

these people were really good at fundraising and getting elected, nobody after kissinger was competent in these ideas (kissingers morality is debatable, but he was very competent)