The high living wage came from unions. And government taxing higher incomes progressively more, and taxing corporate profits more than personal paychecks, that made obscene profits progressively taxed more. It was caused by people that worked jobs being able to buy the same goods they produced, increasing output all around.
I don’t know what you are even trying to talk about here. Conflating vague foreign policy with living wages. Seeing as foreign policy got worse as living wages evaporated it would suggest you are off base there.
fuzz@sh.itjust.works 3 days ago
The petro dollar wasn’t even a thing until the 70s.
Valmond@lemmy.dbzer0.com 2 days ago
The dollar base was decided in 47 or 48 IIRC. Maybe “petro” wasn’t there already.