The 80s were already the second decade of the decline after the gold standard was revoked in 1971 and wages became decoupled from productivity. Everything was on a slowly accelerating slide downhill from there, although it took until the 90s for the first people to truly notice things were going sideways.
You want a real economic golden era? Try the 50s and the 60s, where a single wage earner could work a low-end service-level job (selling shoes, for example), and make enough to own a detached SFH, a car in the garage, support a SAH spouse and several children, go on modest vacations every year with at least one more ambitious one every few years, and still have enough left over to save generously for retirement.
Abandon your monetarist goldbug worldview, the gold decoupling and subsequent floating of the international exchange rates are downstream of the actual policy decision that have emiserated the population.
The globalists open the western worker to global competition, they lost their leverage by losing their scarcity and competence.
The subsequent decline comes from the system’s inertia and the burning of the future with debt and literally the future by having spending money instead of kids.
If you want the golden age back for normal people, then there is NO REMEDY other than giving them their leverage and power back.
But how do you do that ? Taxes and interest rates serve to dis-empower those who need it the most and regular people are the one MOST hurt by these.
The neoliberal religion refuses to treat people who “win” the game of capital differently than regular people, as if they were somehow on an equal footing.
The result ? The more wealth you have the easier it becomes to acquire and accumulate more of it. This needs to be exactly reversed, the poorer you are, the easier it should be to acquire but the more you have the harder it gets. Up until a point where it becomes nearly impossible to go beyond the “capital horizon” some kind of equilibrium state where wealth can lo longer be acquired faster than you lose it.
It’s not some shiny metal bullshit which only serves the status quo like discussion about which toilet should a trans person piss in.
Abandon your monetarist goldbug worldview, the gold decoupling and subsequent floating of the international exchange rates are downstream of the actual policy decision that have emiserated the population.
I never said they were directly related, I just wanted to point out that they both occurred in the same year, in 1971.
This needs to be exactly reversed, the poorer you are, the easier it should be to acquire but the more you have the harder it gets. Up until a point where it becomes nearly impossible to go beyond the “capital horizon” some kind of equilibrium state where wealth can lo longer be acquired faster than you lose it.
The 80s were already the second decade of the decline after the gold standard was revoked in 1971 and wages became decoupled from productivity. Everything was on a slowly accelerating slide downhill from there, although it took until the 90s for the first people to truly notice things were going sideways.
You want a real economic golden era? Try the 50s and the 60s, where a single wage earner could work a low-end service-level job (selling shoes, for example), and make enough to own a detached SFH, a car in the garage, support a SAH spouse and several children, go on modest vacations every year with at least one more ambitious one every few years, and still have enough left over to save generously for retirement.
I think you may be missing the word ‘white’ somewhere in your analysis
Abandon your monetarist goldbug worldview, the gold decoupling and subsequent floating of the international exchange rates are downstream of the actual policy decision that have emiserated the population.
The globalists open the western worker to global competition, they lost their leverage by losing their scarcity and competence.
The subsequent decline comes from the system’s inertia and the burning of the future with debt and literally the future by having spending money instead of kids.
If you want the golden age back for normal people, then there is NO REMEDY other than giving them their leverage and power back.
But how do you do that ? Taxes and interest rates serve to dis-empower those who need it the most and regular people are the one MOST hurt by these.
The neoliberal religion refuses to treat people who “win” the game of capital differently than regular people, as if they were somehow on an equal footing.
The result ? The more wealth you have the easier it becomes to acquire and accumulate more of it. This needs to be exactly reversed, the poorer you are, the easier it should be to acquire but the more you have the harder it gets. Up until a point where it becomes nearly impossible to go beyond the “capital horizon” some kind of equilibrium state where wealth can lo longer be acquired faster than you lose it.
It’s not some shiny metal bullshit which only serves the status quo like discussion about which toilet should a trans person piss in.
I never said they were directly related, I just wanted to point out that they both occurred in the same year, in 1971.
👏🏻👏🏻👏🏻
Absolutely.