> Capitalism mixed with strong safeguards ensuring that there is a return for productivity for everyone feels like the best attempt we've made at a system that works for everyone until all the safeguards began being dismantled in the 70s.
You mean when the US left the gold standard and began a 50 year period of inflationary money printing?
That same inflation is a direct transfer of wealth to the asset class, and a hidden tax on the working class.
> Can we return to that system
Not directly. There is zero chance that the US can return to the gold standard, but they could lose their position as the world currency and be replaced by something that is resistant to inflation.
You mean when the US left the gold standard and began a 50 year period of inflationary money printing?
That same inflation is a direct transfer of wealth to the asset class, and a hidden tax on the working class.
> Can we return to that system
Not directly. There is zero chance that the US can return to the gold standard, but they could lose their position as the world currency and be replaced by something that is resistant to inflation.