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Dan Shaw's avatar

Seven decades of fiat money and deficit-financed government has relentlessly suppressed real wages. State-caused inflation means your pound inexorably buys you less, particularly with respect to housing, forcing all couples to both work. I am not sure the brighter people in government do not understand the demand side of the supply problem you elegantly elucidate, with inflationary fiat money driving state reliance a feature, rather than a bug. I wonder how far ‘feminism’ has been a state-sponsored positive spinning of inflation forcing women to work? Mary Harrington and Louise Perry, amongst others, appear to have rumbled ‘feminism’ is not a universal good. Given ‘feminism’ is a phenomena of the left and the left push deficit-financed big government as the solution to everything, they may be intrinsically linked.

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Mike Hind's avatar

This unfolding theory to account for increasing State power has been among the most interesting things I've come across this year. Replacing grand conspiracy (the usual big picture fear of conservatives) with accounting through regular banal incentives. It will never catch on in the way of frothier stacks like NS Lyons The Upheaval. But it works for me. Wishing you and your readers a great 2024.

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