Not just in the US: across OECD, real disposable income per person rose by 3% in 2020 even as gdp tanked. Government spending on extra benefits and cash transfers, which came to 2.3% of rich countries’ gdp, made up much of the difference.
economist.com/finance-and-ec… https://t.co/sOuPbMNc8Y
RT @BJMbraun: How to be an effective political economist: Laser focus on the neuralgic points of the state-market nexus, follow
May 18, 2023
RT @BJMbraun: How to be an effective political economist: Laser focus on the neuralgic points of the state-market nexus, follow the money,…