> Everything peaked in 1973 and has been on a slow decline ever since. Sure there have been booms but the long term trend has been down. There were a few poten

> Everything peaked in 1973 and has been on a slow decline ever since. Sure there have been booms but the long term trend has been down. There were a few potential inflection points / events that happened around then. 1971 saw the perhaps ill-considered abandonment of Bretton Woods - arguably this ineluctably led to an ongoing boom / bust cycle. (Can recommend John Ralston Saul's discussion around this in his book 'The Collapse of Globalism'.)