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The post war consensus, or the long boom as I think it was called in the US. A period of sustained growth that saw full employment, adult vocational education
by NeedMoreTea 7y ago
The post war consensus, or the long boom as I think it was called in the US.
A period of sustained growth that saw full employment, adult vocational education - in the US in part from the GI Bill, healthy and rising welfare, rising wages, good pension provision and an unprecedented growth of the middle classes.
High income taxes, sometimes extremely high, from both sides of politics saw greater opportunities for infrastructure and redistribution.
It started to fall apart with the 73 oil crisis, that in good part marched us into neo-liberalism and Thatcherism/Reaganism.