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Debasing the currency was necessary, but not sufficient for what happened. 1971: World Population 3.7B | V 1972: Nixon opens US-China relations | V
by acuozzo 4y ago
Debasing the currency was necessary, but not sufficient for what happened.
1971: World Population 3.7B
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V
1972: Nixon opens US-China relations
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V
1973: Kissinger's failure causes the oil crisis
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V
Oil gets more expensive. Quarterly profits necessitate making up for the increased cost
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V
Humans recast as "human resources": Outsourcing; wage stagnation
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V
1989: Roger & Me
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2023: World Population 7.8B; lots of cheap "human resources"