Ruination of the Western worker since 1975 makes such price controls topical
Salaries for 90 per cent of citizens would have been almost 70 per cent higher
But for the globalist transformations of society that began in the 1970s
The 1970s was a pivotal decade. The transformation was, like the First World War, profoundly psychological.
In this article we’ll look at the agreement of Western nations to de-industrialise, how the Cold War became the pretext, how Western salaries were short changed by almost 70 per cent, how the bankers of the Opium Wars swapped workers for addicts, and why price controls are an insult.
The Democratic and Republican parties came together to neutralise the power of the producing classes, beginning with farm and factory workers and, as we are seeing today, the administrative "professions."
RAND Corporation estimates the population below the 90th percentile would have been $2.5 trillion or 67 per cent richer in 2018 had income growth since 1975 remained at the level of the first two post-WW2 decades.
Put another way, $47 trillion was been transferred upwards to the top less-than 10 per cent in the period 1975-2018.
You can access the original text and footnotes here.
Articles cited:
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Audio: Rethinking Left & Right