
Slouching Towards Utopia ft. Brad DeLong
The New Liberal Podcast
00:00
The Good Ship Social Democracy Needed a Proper Thatcherite Scrub
Even Eric Habsbaw would talk about how the good ship social democracy needed to have its rent seeking barnacles cleansed off by a proper Thatcherite scrub. The interesting thing is that, you know, with the coming of Reagan and Thatcher, we did not get a restoration of post-World War II economic growth rates. That basically we got very little out of it, except for a much higher degree of income and wealth inequality. And I think where we're in some sense stuck because we'd like to have institutions that produce faster growth but can't figure out how to write them on the fly.
Transcript
Play full episode