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Title: Why America Abandoned the Greatest Economy in History
https://www.theatlantic.com/ideas/archive/2023/11/new-deal-us-economy-american-dream/676051/
My reply:
Not a bad offering… particularly for The Atlantic… many pertinent points well taken, but as a “Why” explainer article I don’t see the last pieces of a full picture. There is a HUGE factor left utterly unmentioned, and it is a factor still very much in play today. It is an evolved factor, one mostly ignored in high places and misunderstood in low places. The demise of the United States economy is a consequence of the socio-economic evolution that went on everywhere on Planet Earth (as the planet was recovering from the Second World War) except… huge exception!… in the two champions of the Cold War!!!
The war is over, all our industries are beat to hell and gone… everyone is weary and weak… and we’re not sure those two idiots (US/USSR) are done fighting. The world as was. To survive that world where the United States was an oversize bumbling bully as a producer of consumer goods required the other industrial entities (working quietly beneath the rattling sabers of the cold war), to learn a cooperation never attempted before. Net result? The evolution of the Corporate Neo-Fascist, the current chapter of that organization being the second if not third generation descendants of the leadership of the industrial coalition formed to compete with the post WW2 Americans!