The Macro Super Cycle

Post the 19 seventies, a sort of inflationary regime, we also had ket of that combination of ragan and thatcher, right? And that was an enormous shift in the direction of favoring capital, both just like tax laws, but also de regulation. So i think it changes everything. We emerge from this with a very different type of balance of power between labor and capital. You know, we already have very severe labor shortages. I think those are going to get worse over the next decade because of populati population aging,. The legacy of the last two years is going to be dilization, gong to be shrinking supply chains. We're going to be reducing emigration

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