Very Brief economic history focused on U.S.
This history adds context to the video; Inequality For All.
1945- 1972. Post war boom.
1964. The Great Society
1972- 1980. Europe rebuilt. EEC
Japan rebuilt. Competition.
U.S. Faces Economic competition.
Stagflation
1979. Neoliberalism emerges
Reagan for President.
Era of deregulation
1982. Savings and Loan Crisis
1989. Soviet Union collapses
1994. NAFTA passes. Globalization as policy
Russian economy collapses, Neoliberalism moves into Eastern Europe.
Rise of the computers and technology
Financialization of the economy
2001. China joins the World Trade Organization. ( globalization)
Unregulated finance. Repeal of Glass-Steagal.
U.S. Housing bubble grows.
2002. High tech economy crashes ( briefly)
2007. Housing bubble collapses Mortgage Derivatives
2008- 2012. The Great Recession.
Banks Too Big to Fail, Homeowners allowed to fail.
2011. Occupy Wall Street
Two million homes forclosed
Homeless camps in Sacramento
2016. Trump becomes President
2017. Massive corporate tax cuts
2019 Covid shuts down the economy.
2021. Recovery from covid.
See definition of neoliberal capitalism.
Greider, William. The Soul of Capitalism. 2003.
Klein, Naomi. No Is Not Enough; Resisting Trump’s Shock Politics. 2017.
Predator Nation. Corporate Criminals, Political Corruption, and the Hijacking of America. 2012.
Prins, Nomi. It Takes a Pillage: Behind the Bailouts, Bonuses, and Backroom Deals from Washington to Main Street. 2009.
Reich, Robert B. Supercapitalism; The Transformation of Business, Democracy and Everyday Life. 2007.
Smith, Yves. Econned: How Unelightened Self Interest Undermined Democracy and Corrupted Capitalism. 2010.,
Wolin, Sheldon S. , Democracy Inc.: Managed Democracy and the Specter of Inverted Totalitarianism. 2008.
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