much-history-us-high-inequality-europe-less-fact-industrial-age-peak-1928

Through much of its history, the US did not have high inequality as compared with Europe. Less so, in fact. That began to change in the industrial age, reaching a peak in 1928, after the forceful destruction of the labor movement and crushing of independent thought. Largely as a result of labor mobilization, inequality declined during the Great Depression, a tendency continuing through the great growth period of regulated capitalism in the early postwar decades.

0/5 (0)

Noam Chomsky's Popular Quotes

0 Comments

Login to join the discussion