WTF Happened In 1971?
wtfhappenedin1971.com
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  • Shishnarfne [comrade/them]
    ·
    4 years ago

    Another thing that has been happening, more or less in the same period, is that economic development became more and more concentrated in a few areas. In the US mostly on the coasts, in the UK in London, France in the Paris region and a few other cities, Italy in Milan etc. The working class in all other places didn't just see their own wages stagnate, they also saw their communities decline, or in some cases collapse.

  • bottech [he/him]
    ·
    4 years ago

    Why is there hayek quote at the end, isnt this exactly the fault of neoliberal policies he advocated for?

    • NonWonderDog [he/him]
      ·
      4 years ago

      They're blaming the end of Bretton Woods on 15 August 1971. They're goldbugs.

      • Shishnarfne [comrade/them]
        ·
        4 years ago

        But you can see from some their own graphs (like "income gains widely shared" and "income share of top 1%") that 1971 isn't where things went wrong: the problems mostly began later, with Thatcher, Reagan, neoliberalism.

  • cilantrofellow [any]
    ·
    4 years ago

    “Rate of unwed black mothers”

    ???

    This site seems like it wants you to think we need to go back to the gold standard.

    • PhaseFour [he/him]
      ·
      4 years ago

      Going back to the gold standard would be fine for capitalism, if there was enough gold lol

      The whole reason the US dropped the gold stand was because they printed more money than they had gold. France tried to withdraw their gold in 1971. The US told them to fuck off.

      Libertarians are delusion to think the US government can just, make all this paper worth gold. It would cause massive devaluation of the US Dollar. Maybe that's their reason, since they have invested in Bitcoin & gold.

    • CarlTheRedditor [he/him]
      ·
      4 years ago

      Love the incongruity between the two y-axis scales that disguises the GOP's relative extremism.

      Also the idea of quantifying political positions is just :galaxy-brain:

      • Neckbeard_Prime [they/them,he/him]
        ·
        4 years ago

        Right?! Also, portraying the Dems as "more conservative" at the start of the New Deal era is just :AyyyyyOC: level brainworms.

        Edit: and "less conservative" as they advocated for spending cuts, social safety net "reforms," and so on. Fucking ridiculous "data."