BADM 1004 Lecture Notes - Lecture 4: Progressive Tax, Rulemaking
2 Apr 2017
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Democracy"s spread is recent: in 1942 there were only nine democracies, some democracies weren"t fully democratic until 1960s. Usa and france: latin america has proven remarkably fertile ground for democracy, considering its history, the european union has done a lot to cement democracy after the fall of the. What is the e. u: it"s a common economic space, but that requires centralized rule-making, it has a legislature to make the rules and a judiciary to define them. E. u. legislation supersedes national legislation on most regulation, including health and safety: it does not have an executive. Gini coefficients: total income vs. population, dotted straight line = everyone has same income, very unequal = very low dipped curve. Why the worldwide fall in inequality around 1945: big decline from 1920s to 1950s was due to destruction of capital income. Ships: low-wage competition from china and elsewhere. What is to be done: the us used to be socialist.
