My favorite theory for the leading cause of the inflection in the early 1970's is energy prices. For the 100 years prior, the price of energy dropped very dram

My favorite theory for the leading cause of the inflection in the early 1970's is energy prices. For the 100 years prior, the price of energy dropped very dramatically every year, Moore's law like. Then we had the oil crisis of 1973 and the price of energy has been roughly flat since. Energy is a huge component of the price of everything, directly and indirectly.