People who did not experience the 1970s pretending the 1980s were the best times.
They really got no idea..
1980s is when it all started going to shit
Discussion
Simple yet so difficult to understand to young generations who feel the struggle, and yet search for someting else to blame.
That's very accurate and understandable from the younger generations. It's the most obvious thing they can find, the rich and the corporations. They then think the way out is more gov and more centralization... Less government more freedom!
👏🏻
From that period, the decoupling of the gold standard occurred. From that period, decoupled fiat currency became the norm
After a economic reset (like ww2), capitalism always follows a similar pattern as capital concentrates and concessions the working class fought for when they where on a more equal footing after the war, are slowly rolled back to opress them and lower their wages.
This has literally nothing to do with the gold standard.
Marx discribed the mechanisms behind this like a century before this happened.
tbf, the gap already widened in the 60s
