They're gonna say it's the end of the gold standard 🙄
This is one of those correlation-causation things, they took the gold standard away precisely because they wanted to do things that would freeze wage growth, cause massive inflation, etc. Neoliberalism had to be facilitated by the end of the gold standard.
The actual peak in profitability was the late 60s, I think 1968. Its all been downhill until the 90s where it recovered (nowhere close to the height of the 60s) until 2008 and its all just been decline since.
They're gonna say it's the end of the gold standard 🙄
This is one of those correlation-causation things, they took the gold standard away precisely because they wanted to do things that would freeze wage growth, cause massive inflation, etc. Neoliberalism had to be facilitated by the end of the gold standard.
The actual peak in profitability was the late 60s, I think 1968. Its all been downhill until the 90s where it recovered (nowhere close to the height of the 60s) until 2008 and its all just been decline since.