Looking at the data for the US, there seems to be an even more exponential curve between 2015-2020, which would imply that these trends could have been further exacerbated by the reduction of government regulation. The same is likely true for the concentration of wealth, the loss in small businesses, disenfranchisement, etc.
Regulation has driven a lot of industry out of America, as it made it too expensive to operate here.
In what area has government been reduced?
Do you have any sources? I think most offshoring is driven by significantly lower labor costs in other countries. For example, China has a highly controlled economy, but American companies still offshore work there simply because labor is cheaper. Indeed, we've seen some "onshoring" in recent years[1] now that automation is far more prevalent and labor cost is less significant as a portion of operating costs.
[1] https://www.engineering.com/story/automation-is-making-onsho...
In tech, while there are some regulations, I definitely believe that more need to be established, especially regarding the topic of the article. Tech is a bit too loose right now, with the exception of the health industry.
Are you sure? Hasn't government K-12 spending per student increased far faster than inflation? And how about all that federal money for student loans?
Keep in mind that money always comes with strings attached.
https://worldhappiness.report/ed/2023/world-happiness-trust-...
https://www.folkhalsomyndigheten.se/livsvillkor-levnadsvanor....
Almost all economic reforms are done "to save the welfare state". Especially reforms that slowly dismantle it.
— Bill Clinton, 1990 something
We’re still living in Reagan’s World and they still don’t get it.
Pretty hard for a lot of people that doesn't make multiple hundreds of thousands dollars an year to not depend on the government, when lax fiscal policies completely devalue their money while inflating the assets and the pockets of the oligarchic class.
Get real, the oligarchs don't want less government, they want less of the big goverment money going for other people than the oligarchs. Not a single one of them want free markets, not one of them wants fiscal discipline, not a single one of them want real free trade.
They nurture crises for years so they can extract more when we cannot ignore the crisis anymore, and emergency measures are required. They have postponed the energy transition, their foundations and their grants helped to demonize nuclear when we desperately needed for it to evolve and expand. Now we are faced with an emergency, and we are pretending that nobody is going to make loads of money out of renewables, and that probably it is going to be the same people who made lots of money from oil. The bills will explode for the common folk, like they are doing in Europe, and in the end, if we escape deindustrialization, they will use the government to extract money from the people again to finally nuclearize our power generation.
So, if we want to talk about big government, let's talk about big government, but let's be honest and admit that big government, big corporate and big finance are basically siamese twins.
"Lax" policies would have avoided repeated and continuous intervention and let the chips fall where they may.