From the end of World War II through 1979, the gains in productivity in the U.S. were shared between workers and owners, “and both benefited as wages rose along with company profits.” That was before Reagan and “trickle-down” economics. Ted McLaughlin shows us how unregulated capitalism has led to a “hoarding’ of productivity, resulting in a vast inequality in wealth and income, and has put us on the path to a second Great Depression.
Thorne Webb Dreyer, Editor
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