Everyone In America Is Even More Broke Than You Think

[bread_and_roses]

117. The '70's were one of the "busts" in Capitalisms "boom & bust" cycle

You and I were not living the same '70's. Where I live (upstate NY) we began the long decline into rust-beltism in the '70's - a decline that has never really reversed here. I remember something called "stagflation" and high unemployment. We finally got some jobs back, but they are almost all low-wage jobs. I recall it as a time of shrinking rather than growing prosperity. (Not to mention that all paens to some better period in our past have to ignore the lives of PoC, Native Peoples, etc., as well as a fairly large chunk of rural white poor.)

There was an article the other day on parmesan cheese adulterated with high amounts of wood pulp (evidently SOME wood pulp is "allowed" - no doubt due to the influence of manufacturers, since I doubt any of us really like the notion). The question was raised "why do manufacturers DO this" - oh, LOL - because it is CHEAPER and so they make more PROFIT.

That's your capitalism in a nutshell.

All of which is an aside, since no one on the national scene is saying get rid of capitalism.