Comments by "Tony Wilson" (@tonywilson4713) on "Will Trump force Starmer to be more right-wing? | UK Politics | The New Statesman" video.

GO and look at a report Bernie Sanders commissioned the Congressional Budget Office to produce on Family Wealth. I covers 1989-2019. Just look at the first graph and you'll have an accurate assessment of the Entire Developed World because we all followed the brilliance of Milton Freidman and the Chicago School Economists which was called Reaganomics in America and Thatcherism in Britain. Here in Australia we called it Economic Rationalism. Most of the World no calls it neoliberalism and its fundamentally based on "Governments are hopeless and therefore should do as little as possible while free markets can solve every problem society has." The problem is IT NEVER WORKED and that's what that CBO report shows. The first graph shows how the Top 10% have gained and gained especially after the 2008 GFC that they caused and were bailed out of while the rest of us paid for those bailouts. The Middle 40% eventually recovered and even got ahead by 2019. HOWEVER: Note how the Bottom 50% lost almost 1/2 of their wealth in the GFC and that by 2019 had STILL NOT RECOVERED. In 2007 they were worth US$2.7 Trillion and by 2019 were only worth $2.3 Trillion. To put perspective on that. During Obamas last 3 years in office (2013-2016) the Top 10% of America gained US$18.3 Trillion in family wealth. YES the Top 10% of America by 2019 roughly 10 years AFTER the GFC they caused were worth over US$80 Trillion which was over US$20 Trillion more than they were worth BEFORE the GFC. So when Trump rocked up saying America sucked and I want to Make America Great Again 50% of the population (around 165 million people) KNEW EXACTLY what he was talking about while the political establishment were in denial as they still are. Trump won again last year for the same reason he won in 2016. He just tapped into the frustration people have with the political establishment.
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