It’s very obvious that is circling the drain now, but clearly this didn’t just happen in a vacuum. It must’ve started crumbling at some point… but when?
Some people might say it started after 9/11, others might say it goes back to the Raegan administration. A few might even say it started after losing the Vietnam War, or when they went off the gold standard. Or maybe even earlier…
What do you think?
1970s oil crisis and stagflation
That was the point where the capitalists said “we have a problem, and the solution from now on is going to be to strip the copper out of the walls”