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by wrong_variable
2515 days ago
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Organized labor was extremely problematic for capital since WW2. The new dealers ( FDR, Truman ) gave organized labor tremendous power because without it the USA would probably have had a big communist party. They also knew the deflationary period of the 1930s lead to the rise of fascism and nationalism in Europe. So the petty greed of capital was scarified at the altar to maintain peace. They were also willing to sacrifice growth to maintain peace. We are going through a similar period of deflationary shock, so it's going to be interesting to see how it plays out and ends. Most likely the source of unrest may not be US but China. |
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> They were also willing to sacrifice growth to maintain peace.
Who would do such a thing! We should get back to my grandfather times, he was happy because he was a child, and children did not only get a few potatoes to eat per day, but also a little bit of oil with it. Also I suppose it's kind of romantic to have sex with a stranger on the barricades before being shot to death and having your body join the decomposing pile of bodies in the streets.