this post was submitted on 08 Feb 2025
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That... doesn't really say anything. It's just a truckload of graphs showing that a lot of stuff around income and quality of life went to shit in 1971.
It does nothing to explain the why.
This website explains why https://www.marxists.org/archive/marx/works/1867-c1/
Does it? Because the question seems to be why there is an inflection point specifically in 1971 and not about the nature of capitalism in general.
I mean I was obviously being a bit silly. It explains why capitalism must do something like that but does not explain why capitalism in the US did it at explicitly that time