Historian Amity Shlaes & "The Gilded Age Myth”: Economic Growth Isn't Zero-Sum
The Rich Zeoli Show
Audacy
4.9 • 1.6K Ratings
🗓️ 10 May 2023
⏱️ 13 minutes
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Summary
Amity Shlaes—Historian and Author of “Coolidge”, “The Forgotten Man: A New History of the Great Depression”, and “Great Society: A New History”—joins The Rich Zeoli Show to discuss her recent Wall Street Journal editorial, “The Gilded Age Myth, Then and Now.” In the piece, Shales argues: “Everything old is new again, and blaming the rich for America’s woes is no exception. The rise of progressivism before the turn of the 20th century was fueled by the perception that “robber barons” of industry and finance had earned their fortunes from their monopoly power that allowed them to exploit the poor and middle class… That thinking has re-emerged in the Democratic Party today, though this time it has its sights set on our economy’s tech giants… The wealth created by industrialization, modern finance and communication has reduced poverty, elevated material well-being and promoted general prosperity. Economic growth isn’t a zero-sum game.” You can read the full editorial here: https://www.wsj.com/articles/the-gilded-age-myth-then-and-now-income-inequality-progressive-movement-economic-output-507dbc69?mod=opinion_lead_pos5
Transcript
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