General Discussion
In reply to the discussion: "Incremental change" is a Third Way lie. [View all]F4lconF16
(3,747 posts)He is not quite the liberal hero that many want to believe he is. Not to mention that much of what he "did" was also in large part due to global economic and political conditions of the time. You'll notice that the (developed) countries we left behind then have now caught up, and are experiencing in large part the same economic conditions that we are. The emerging third-world economies are beginning to enter the same boom cycle that we did then--China is even starting to hit the wall that we did 30-40 years ago. I highly recommend Piketty's "Capital in the 21st Century" if you have not read it. Though I disagree with his conclusions, I think that data he presents is invaluable.
Edit to add that of course the foreign situations are different in their own ways from ours. It's the more general economic trajectories that I refer to. I don't have a good enough understanding to really go into detail on this, but it's the best summary of some of the ideas presented by Piketty that I have.