Meet the Man Driving the Right’s Culture War Panic
Deconstructed
00:00
The Winner-Take-All Economy
In the 1980s and 90s, America was in a unique place of being the only one that wasn't completely destroyed by World War II. Tyler Cowan has written about this and his idea is that we've transitioned to a winner-take-all economy. But I don't think that's actually due to tax policy so much it's due to the nature of post-industrial industries such as high-tech industry. The poorest people in Youngstown have larger houses, more cars, better appliances, and more disposable income than middle-class people in Europe or any other developing country.
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