From Adam Smith to Duncan Smith
Paul Mason
1029

Excellent essay, Paul. Just to add, I think your historical timeline should be extended back a few decades. Cheap credit & wage stagnation began in America in late 60’s as post-war boom came to an end and then in 1973 after the oil price shock. it wasn’t planned, it just happened and offered a short-term solution to the conditions of the time.

https://midcenturymodernmag.com/on-the-job-1950-1970-everybody-works-2b8f89f48c96#.9gat37ut9

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