logoalt Hacker News

balozitoday at 3:57 PM1 replyview on HN

For what its worth Ross Perot had an ominous take on the effects of free trade back in the 90s with his "giant sucking sound" observation.


Replies

imightbebatmantoday at 4:07 PM

The root of this started in the 70s as the New Deal coalition decayed and Keynesian economic theory fell out of favor among the elites.

To be fair their were good reasons at the time to think it wasn't working either.

show 1 reply