The outcomes of public policy throughout the 1900s, particularly pre-Reagan and post-FDR. Quite expansionary, but nearly all of the bedrock institutions most people have come to rely on and take for granted materialized in this period.
- The GI Bill
- Medicare / Medicaid
- Social Security
- Unemployment Insurance
- Regulatory institutions / policies like the SEC, FDIC, OSHA, and the EPA.
- The Civil Rights Act
None of this stuff just happens by accident, and these kinds of things definitely don't magically fall out of unregulated free-markets. And they DEFINITELY don't fall out of markets where the participants are massive corporate interests.
You need institutions whose focus is solely on social / economic wellbeing and who have the power and authority to provide it.
There are also plenty of modern academics, making things up themselves, who articulate similar points.
- The GI Bill
- Medicare / Medicaid
- Social Security
- Unemployment Insurance
- Regulatory institutions / policies like the SEC, FDIC, OSHA, and the EPA.
- The Civil Rights Act
None of this stuff just happens by accident, and these kinds of things definitely don't magically fall out of unregulated free-markets. And they DEFINITELY don't fall out of markets where the participants are massive corporate interests.
You need institutions whose focus is solely on social / economic wellbeing and who have the power and authority to provide it.
There are also plenty of modern academics, making things up themselves, who articulate similar points.
- Joseph Stiglitz
- Thomas Piketty
- Ha-Joon Chang
- Mariana Mazzucato
- Robert Reich
- etc