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Wall Street as Soviet style central planning

Wall Street as Soviet style central planning
October 18, 2011, 03:21:19 PM
Here's an interesting angle to consider however what is missing is context. Before the Third World influx and before Free Love breeding produced the failed generations, the earlier America described had a higher average IQ and superior academic standards. Mr. Robb politely omits these critical data points:

The US is broken.  In the years after WW2 the US made tangible the American dream.  It did so through by connecting incomes to improvements in productivity.  Simply:  If you do more work per hour, your income should go up (see chart). 

The result was a decentralization of economic decision making on a scale never seen before in the history of the world. 

It was AMAZING.  Tens of millions of financially prosperous households making decisions on what they should buy and invest in.   Most of what America still is today was built during that period.


What probably happened since? The smartest and most resourcesful saw certain decline coming for post-1960s America and moved into the Wall Street one percent for self preservation.