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> The best realization of the American dream was on the decade after the end of WW2. An essential caveat: That only would apply if you were a white male, a Chr
by forapurpose 8y ago
> The best realization of the American dream was on the decade after the end of WW2.
An essential caveat: That only would apply if you were a white male, a Christian to a significant extent, and possibly a Protestant. For women, African-Americans, and many other minorities, the American Dream was far out of reach. African-Americans were still being lynched.
> Incidentally, it was a period with comparatively high corporate taxes.
An excellent point, and don't forget much higher regulation.
> If you want a current example of reality vs "common wisdom" economics, compare California to Wisconsin, Kansas, or Texas.
Yes, I try to point out: Name one great American industry that came out of a 'red' state, other than extractive industries like oil. Does the whole country want an economy and human welfare like Alabama or like Massachusetts?
- refurb 8y agoYes, I try to point out: Name one great American industry that came out of a 'red' state, other than extractive industries like oil. Does the whole country want an economy and human welfare like Alabama or like Massachusetts? Ok, let me try.... Semiconductors in California? California was a red state up until the 1992 presidential election. Long after the birth of the semiconductor and computer age. What do I win? And looking back to earlier in the 1900s, it was states like Ohio, Michigan, Illinois (all red states back then) that were major economic powerhouses. I would argue that states like NY and CA are economic powerhouses in spite of their politics, not because. Just take a look at what democratic policies have done to NJ. It's been on the decline for a long time.
- _emacsomancer_ 8y ago> And looking back to earlier in the 1900s, it was states like Ohio, Michigan, Illinois (all red states back then) that were major economic powerhouses. But at that point in time the Republicans would have been the blue guys and the Democrats the red guys. (Though the contemporary US colour scheme doesn't make much sense since historically/elsewhere the left is associated with red and the right with blue. But my point is that the Democrats were the more conservative party at that point in time and the Republicans the more progressive party.)