The sentence above serves as an indictment of the further and intensive financial deregulation that characterised the Bush/Cheney years.In Australia, the Abbott Junta phurphy of business can do no wrong is punctured by the reality check of the US experience for ordinary Americans:

“It bears repeating one last time that average compensation (wages) never grew as slowly in American industrial history than it did over the course of the age of greed.”

Jeff Madrick (Roosevelt Insitute Snr Fellow and NY Times contributor) Age of Greed, Random House, 20011

In reality, as worker productivity rose, the ensuing gains went to…CORPORATE PROFITS.