the end of bretton woods gold standard meant that they can print the currency they pay us in, the real economy had actually been stagnant since the 1980s
The end of the gold standard is a big one. Influx of cheap labour from abroad is another, both legal and black market. Boomer cultural conditioning (keep your head down, don't ask for a raise, work hard for what you're given) is yet another. There are a lot of factors to this.
https://fauux.neocities.org/1970s.jpg Was the 1970s extra awful tho? I feel there was more going on than simple policy changes? I've made this short list to explain what I mean.
Yeah this is mostly an outcome of direct subversive policies enacted by the Soviets in America (see Yuri Bezmenov), and direct subversive policies enacted by the CIA also in America (see MKUltra and the rest), all starting in the 60s and seeing it's climax in the 70s. 80s onwards has been the decay caused by those policies and people showing up to take advantage of them.
The 70s is like the event horizon separating real life of before it with and the parody beyond it. You can see this is the world's climax because the music got really good for that decade.
gold standard yap is noise. thatcher / reagan et al. neoliberalism as a solution to keynesian slowdown irreperably divorced wage growth with gdp growth. coupled with 90s clinton blair et al. redoubting of the new post keynesian neolib economic policy delivered us unto 2008 and the political fallout. bretton is just a small, small part of the larger movement.
the end of bretton woods gold standard meant that they can print the currency they pay us in, the real economy had actually been stagnant since the 1980s
The end of the gold standard is a big one. Influx of cheap labour from abroad is another, both legal and black market. Boomer cultural conditioning (keep your head down, don't ask for a raise, work hard for what you're given) is yet another. There are a lot of factors to this.
Inflationary policy (abolition of the gold standard, standardization of fiat money, excessive money printing)
https://fauux.neocities.org/1970s.jpg Was the 1970s extra awful tho? I feel there was more going on than simple policy changes? I've made this short list to explain what I mean.
Yeah this is mostly an outcome of direct subversive policies enacted by the Soviets in America (see Yuri Bezmenov), and direct subversive policies enacted by the CIA also in America (see MKUltra and the rest), all starting in the 60s and seeing it's climax in the 70s. 80s onwards has been the decay caused by those policies and people showing up to take advantage of them.
The 70s is like the event horizon separating real life of before it with and the parody beyond it. You can see this is the world's climax because the music got really good for that decade.
This is the ultimate price for getting The Doors.
https://youtu.be/zgvOX9OLZzQ?si=jIhrqg1wD4M41yOc
gold standard yap is noise. thatcher / reagan et al. neoliberalism as a solution to keynesian slowdown irreperably divorced wage growth with gdp growth. coupled with 90s clinton blair et al. redoubting of the new post keynesian neolib economic policy delivered us unto 2008 and the political fallout. bretton is just a small, small part of the larger movement.