Capitalism Forever?

Bradford DeLong jbdelong at uclink.berkeley.edu
Tue Feb 26 14:40:34 PST 2002



>Are aggregate numbers all that informative in estimating generosity?

Yes--unless one thinks that money flowing to the elderly isn't social democracy. There is an argument that the mid-twentieth century saw social democracy, and that the late-twentieth and early twenty-first centuries are seeing its transformation into gerentocracy. This argument is not wholly false...

Brad DeLong



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