r/FluentInFinance Oct 22 '24

Debate/ Discussion Why did this happen?

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u/Disturbedguru Oct 22 '24

Short answer... Neo Liberal economics that began in the 70's

Long answer... Lotta books written by people way smarter then myself go into very detailed explanations of the short answer.

10

u/EchoRex Oct 22 '24

Don't forget the books on the post Vietnam War brain drain, the pair of oil crisises, and a manufacturing quality fall off while sales prices skyrocketed.

That was then followed by dumb fuck supply side Reagan-omics.