And that's why we should never have listened to those who said "this time it will be different" in 1980, when they were arguing for the reintroduction of the fiscal, economic and regulatory policies of Calvin Coolidge-the policies which led to the Depression- the event we were only saved from at all due to the mildly social democratic policies of the New Deal- and whose reintroduction has brought little but misery to the many-there was a massive increase in wealth in the hands of the rich, but virtually all the rich have done with that massive increase in wealth in their hands has been to hoard it in offshore accounts. That massive increase in concentrated wealth has not led to higher wages- wages have largely been stagnant since the Eighties- or greater overall prosperity- if we had greater overall prosperity, we would not have millions of people working two jobs at 70 hours a week to have the purchasing power people had from a single 40 hour a week job from the late Forties to the late Seventies.