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.
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.