The only difference is there was no labor capital at that period. The risk of capital has been transferred to labor from capitalists. The real change in governm

The only difference is there was no labor capital at that period. The risk of capital has been transferred to labor from capitalists. The real change in government happened through Reagan who legalized big corps and started the age of M&A. Globalisation also did help in economy but countries like China which have closed markets but access to open markets lead to more marginalization of labor.