3 ms·
This is such a complex topic that an entire volume of books could be written on it. Unsurprisingly the article just scratches the surface barely enough to do it
by opportune 3y ago
This is such a complex topic that an entire volume of books could be written on it. Unsurprisingly the article just scratches the surface barely enough to do it justice.
I wrote up a long “better” explanation I hope to share here later, but suffice it to say, this article greatly overstates the causation coming from the public’s political views when it really was a consequence of more material changes. Namely, communications technology, computers, and financial innovation started allowing smaller groups of people to produce value (obsoleting many low/mid provincial middle class jobs in the process) for much larger markets just as the rest of the developed world started to catch back up in manufacturing. As a double whammy plastics and aluminum hit prime time and disrupted the massive existing steel/textile base businesses they competed against. And the USSR began falling behind for their own reasons so nobody really worried about losing the lower/middle classes to socialism - but short of extreme isolationism it’s not like anything could really fix the competitiveness problem.