Amateur opinion, but President Nixon was president in 1971, and I wonder if a lot of it is increased greed primarily due to two things. This increased greed als

Amateur opinion, but President Nixon was president in 1971, and I wonder if a lot of it is increased greed primarily due to two things. This increased greed also manifests as more short-term thinking. To paraphrase Fast and Furious, "I live my life one quarter at a time". First, decreased consumer and investor confidence in the future after the combination of Watergate, removal from the gold standard, and the Nixon Shock policies [1]. Second, the Wharton MBA program's rise, and the Wharton view, as explained to me, that employees should be treated as renewable resources, not to some extent as family. [1] https://en.wikipedia.org/wiki/Nixon_shock https://en.wikipedia.org/wiki/Nixon_shock