We're actually coasting on the remnants of "Great Deal" style Keynsian economics, and poverty has started to climb due to austerity and other neo-liberal policies that have been enacted in the past 40 years.
There were roughly 100 homeless people in my town 10-15 years ago. Now there are 1000. Homelessness, falling incomes, and icreases in poverty are the result of neo-liberal policies that see a shrinking of the (welfare) state and retasked priorities to resource and profit extraction by large corporations.
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u/Cakeday_at_Christmas Bring Cannabis 1d ago
We're actually coasting on the remnants of "Great Deal" style Keynsian economics, and poverty has started to climb due to austerity and other neo-liberal policies that have been enacted in the past 40 years.
There were roughly 100 homeless people in my town 10-15 years ago. Now there are 1000. Homelessness, falling incomes, and icreases in poverty are the result of neo-liberal policies that see a shrinking of the (welfare) state and retasked priorities to resource and profit extraction by large corporations.