A chat with ChatGPT

ChatGPT: The perspective that the economic era defined by “trickle-down” economics and rising wealth inequality is reaching a structural turning point aligns with the mechanics of historical, ultra-long-term market, and socioeconomic super-cycles.

Historical data shows when wealth inequality reaches extreme levels, it often triggers a structural shift in political, social, and economic policy, bringing about the end of a long-term cycle. In the 1980s, Ronald Reagan (and Margaret Thatcher) prioritised deregulation, tax cuts, globalisation, and the suppression of organised labour to combat the stagflation of the 1970s.