this post was submitted on 13 Mar 2024
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While all of this is true, I'll also add that this was an unrepeatable condition: WWII gutted Europe and the US was untouched. All of perks of the past society were part of an unsustainable economic bubble. USA citizens have never quite realized that.
The only part I would disagree with you on is that in the past 80 years productivity has grown by a huge margin, and if that translated into increased wages (as opposed to increased corporate profits) as it once did I think that quality of life would not be so unsustainable.
The richest 1% own almost half the world's wealth. The hoarders have mostly dug in and ensured that their hoarding is legal, will stop at nothing, is easier than ever, and is well defended and unopposed.
We live in the joke where the billionaire takes 99 cookies from the table, leaves one and says "Careful, peon, the [member of the minority you dislike] is after your cookie".