Part of the reason Capitalism sort if worked in the 60’s was because it had to globally compete with communism. We seem to forget how hard the red scare had to be pushed to silence the growing American Communist constituency.
Wages were high for low education workers because they had to be to stave off the communist politcal movement.
The second the Soviets collapsed, capitalism started its more evident decline. Capitalism only works with competition, even from a meta perspective.
Sanctus@lemmy.world 11 months ago
We didn’t try shit but bowing to a succession of neoliberals.