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- Jan 2023
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docdrop.org docdrop.org
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the true source of economic prosperity is not financial capitalism investment in education investment in the real economy in infrastructure and you know when the in the middle of the 20th century in the 1950s 1960s when the u.s had were in a situation of economic dominance over the rest 00:54:32 of the world it was not through extreme financial inequality except you know you had 19 percent top income tax rate after roosevelt and but you had a big educational advance as compared to you know at that time you had a 90 percent of a court would go to high school in the us in 1950s 1960s at the same time it was 20 30 percent in germany or in 00:54:56 france or so and this was this educational advance which made prosperity historically and and and we seem to to have forgotten this uh you know in the us following you know since the 1980s but so we we have to manage to put this back on the on this agenda but that's that's of course that's not that's not easy
!- Thomas Piketty : The real source of wealth - is investing in real value such as education, infrastructure, skills, etc, NOT financial capitalism - In the 1950's the US dominated other countries through real investments in education. They led other countries so had more skilled workers that increased productivity enormously - We have to pivot away from illusory financial capital and real capital
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