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I think the shift began before the Clinton administration. By the late '70s it had become apparent that: - raising the US median standard of living without rai
by Merrill 3y ago
I think the shift began before the Clinton administration. By the late '70s it had become apparent that:
- raising the US median standard of living without raising the rest of the world was politically unstable considering the ongoing conflict with communism and anti-colonialism, and
- raising the US median standard of living and also raising the rest of the world would exhaust resources and become rapidly unsustainable.
The solution was:
- cap the US median standard of living, but allow the assets of the 1% to increase,
- replace foreign aid with foreign direct investment to raise the standard of living in other countries, to increase the wealth of the American 1%, and to create a wealthy class in other countries with similar interests to preserve political stability and the "rules based order".
This has resulted in fairly similar economic oligarchies around much of the world. However, political, historical and cultural differences result in varying affinities, group identities and renewed competition among them.
- Accujack 3y agoI think it's much simpler than you're proposing. It's just greed and a desire for control. The neoconservatives who began their campaign shortly after the civil rights battles of the 1960s achieved a great deal during the Reagan presidencies. Many of the problems with the US today can be traced back to or through those years, including the relaxation of financial laws and regulation that led to the 2008 housing crisis, the ongoing consolidation of American businesses through mergers and acquisitions, and the increasing inequality in wealth distribution. There's no reasoning to it beyond a group of people who want to live in the world they thought they were in back in the 1950s, when god was in the pledge of allegiance and America was perceived as mostly white. Money and political power are letting them heavily influence the US for now. Unfortunately it will probably only be correctable once they die of old age. There's no great strategy in play. The Democrats aren't a lot better in their goals, they also want the imagined past in a different way, but they're not the ones causing the issues.