Hacker News new | ask | show | jobs
by quantum_solanum 1530 days ago
> In exchange the US got cheap goods (and low inflation), and continued supremacy of the dollar in world trade and as a reserve asset.

And perhaps most importantly defused the worker radicalism of the 60s/70s by literally moving the means of production out from under them.

1 comments

And when it started to rise up again just a little bit with Occupy Wall Street, we got identity politics to ensure workers would never have that opportunity ever again.