this post was submitted on 13 Mar 2024
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[–] cogman@lemmy.world 165 points 8 months ago (29 children)

Here's what's changed

  • The market has collapsed into a few companies. That means that monopolistic forces are in nearly full force
  • Labor unions have been severely weekend. In the 60s almost out of fear companies were practicing "corporate charity" to try and keep employees from unionizing. They've lost that fear.
  • Regulations around corporate stock price manipulation have been all but eliminated. Buybacks use to be illegal because they allow a company to artificially inflate their stock completely unrelated to the actual performance of the company.
  • Social safety nets have been gutted or underfunded.
  • Public education has been destroyed. We used to have a fairly robust public university system that's been uber privatized with funding reduced to almost nothing.
  • Hospital systems have consolidated as has insurance agencies which not only drives up the price of medical care, it drives down the wages of doctors and nurses while keeping them as minimally staffed as possible. This translates into terrible care that fucks you over when you need any medical work done.
[–] 4grams@awful.systems 20 points 8 months ago* (last edited 8 months ago) (2 children)

So, republicans happened.

Edit- before you tar and feather me, democrats went along. But all of those have been articles of faith in the GOP.

[–] cogman@lemmy.world 26 points 8 months ago

I mostly blame Reagan and Nixon. They were the harbingers of modern republican governmental stupidity. Nixon courted the racists out of the democrat party and Regan push dumbass deregulation. Bigotry + being the whipping boys for rich people is basically the only principles republicans stand on today.

[–] TurtleJoe@lemmy.world 12 points 8 months ago* (last edited 8 months ago) (1 children)

Civil Rights happened.

Once it became clear to racist whites that Black Americans would have full access to the social programs that they enjoyed, they decided that they'd rather burn all those social programs to the ground before they'd share them. This is the basis of the modern Republican party, so you weren't wrong.

Incidentally, the scenario in this original post was never true for almost all black Americans.

[–] nonailsleft@lemm.ee 0 points 8 months ago

Aren't there a lot more social programs today than there were in the period the OP refers to?

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