The free-market century is over
The Gray Area with Sean Illing
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The Rise and Fall of Social Democracy
This chapter examines the development of social democracies and welfare states in the mid-20th century, influenced by events like the Great Depression and World War II. It reflects on the contrasting paths taken by nations, particularly the U.S. and Japan, and critiques the subsequent rise of neoliberalism and its challenges to economic fairness. The discussion raises critical questions about market-driven solutions versus state interventions and the moral implications of economic inequality in society.
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