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> Ironically, what people consider the most prosperous time of America happened to be the time when America was opposing a vague foreign adversary. It happened
by tdeck 2y ago
> Ironically, what people consider the most prosperous time of America happened to be the time when America was opposing a vague foreign adversary.
It happened to be at a time when the rest of the world's industrial capacity had been almost completely destroyed by a devastating world war which hardly touched US infrastructure.
- eszed 2y ago¿Porque no los dos? Outsized returns to the post-war US economy were consequent on being the only intact industrial economy; the regulatory system which ensured those gains be shared with the working class was a response to communism.