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So from my experience most of the people using it won't think there was a "good capitalism time". I think the prevalence of that term is used to evoke the idea
by tdb7893 3y ago
So from my experience most of the people using it won't think there was a "good capitalism time". I think the prevalence of that term is used to evoke the idea that continuing for too much longer on the current path is impossible without something major breaking. The ecology of the planet is slowly going to shit, basic necessities like housing and medical care keep getting more expensive, and pay for most people in real terms has been stagnant (even with huge productivity gains).
In contrast to that corporate profits are off the charts but there's the sense that they are getting that by squeezing everything else too much and eventually something is going to give and it's just a race between whether what breaks is the planet, the labor force, or the broader structure of society.
Take this all with a bit of a grain of salt though as this is just why it's caught on in the particular circles I run in.