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I dimly recall the Carter Admin was also dealing with the aftermath of OPEC oil embargo. https://en.wikipedia.org/wiki/1973_oil_crisis https://en.wikipedia.org/
by specialist 4y ago
I dimly recall the Carter Admin was also dealing with the aftermath of OPEC oil embargo. https://en.wikipedia.org/wiki/1973_oil_crisis https://en.wikipedia.org/wiki/1973_oil_crisis
The environmental efforts of the time were also framed in terms of energy independence, economic growth, etc.
Also a huge motivator for promoting peace and stability in the Middle East.
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Everyone has probably seen https://wtfhappenedin1971.com https://wtfhappenedin1971.com, a graph that shows the point in time when wages where decoupled from productivity.
Apparently, Vaclav Smil argues that deflection point is because of the rising cost of oil. I'm willing to be persuaded.
However, I agree with u/pessimizer (upthread) that "Carter was the bridge from the New Deal to Clintonism" https://news.ycombinator.com/item?id=34902957 https://news.ycombinator.com/item?id=34902957
Here's a hot-take from the right that I find agreeable: https://redstate.com/laborunionreport/2011/01/13/the-decline-of-unions-part-one-president-jimmy-carter-union-buster-extraordinaire-n37598 https://redstate.com/laborunionreport/2011/01/13/the-decline...
Another broader analysis from the left. TLDR: Labor's nadir was the '70s, inclusion of minorities (due to civil rights era reforms) undermined unity, foreign competition devalued domestic labor, and just plain old exhaustion. https://jacobin.com/2021/01/1970s-decade-strike-workers-labor-history/ https://jacobin.com/2021/01/1970s-decade-strike-workers-labo...
The book Lobbying America is a history of Capital's decades long effort to roll back The New Deal, from the vantage of corporate America. https://www.amazon.com/Lobbying-America-Politics-Business-Society/dp/0691168016 https://www.amazon.com/Lobbying-America-Politics-Business-So...
FWIW, that effort grew into the larger reactionary project, the culmination we're experiencing today.