The period between 1947 and 1973 is called the Golden Age of Capitalism. Corporate profits were high, economic growth was strong, and there was a truce between labor and capital called Keynesianism. It worked like this: Labor got high wages and capital got no talk about socialism. This all sounds so wonderful, right? It seems plain crazy that we left this economic/class paradise for the nightmare of neoliberalism (stagnant wages, weak labor unions, outsourcing, financialization of the economy), which began around 1973 and ended in 2008.
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