Welfare has to be a part of the system too, as it is in China (China’s as well as ours could be considerably better). I was just talking about public/private jobs. Funny you mention China because Canada’s, as well as most western countries’ economies between the Great Depression and the neoliberal era used to be much more like China’s today. Mixed public-private systems with a lot more economic planning than after. Growth was stronger as well as wages. I’ll come back to you in the other thread with post-war inflation numbers. They weren’t high. Just no time to write something coherent.
So no welfare, but but more like Chinas system. I’d be curious about second order effects if there are any.
Welfare has to be a part of the system too, as it is in China (China’s as well as ours could be considerably better). I was just talking about public/private jobs. Funny you mention China because Canada’s, as well as most western countries’ economies between the Great Depression and the neoliberal era used to be much more like China’s today. Mixed public-private systems with a lot more economic planning than after. Growth was stronger as well as wages. I’ll come back to you in the other thread with post-war inflation numbers. They weren’t high. Just no time to write something coherent.