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It's the fall of the empire, America never had a golden era of the Republic.
Fall of the republic, rise of the empire. Rome. We had some good decades with an actual middle class. Always room for improvement but the 80s-early 10s were overall pretty good for most Americans.
That was the beginning of the collapse, when American politicians finally reversed the advances made by their economic base during the postwar boom and started capturing the value of our increasing productivity for themselves.
You're not wrong but it allowed a few generations to be quite comfortable. Stole our future for their comfort at the time but that the comfort existed and could have continued without such greed is just another nail in the laissez faire capitalist coffin.
It allowed segments of that generation to be comfortable at the expense of the rest of that generation.
Large segments. There's never a perfect golden age anywhere if we only look at poverty.
If the rising tide doesn't lift all boats then it can't be said to be a golden age, merely a gilded one.
Then nowhere has ever had a golden age.
True, and indicative.
The mythical golden age of the past is a core component of fascist ideology.
1983: housing crash and prime rate to 17%. A mortgage at 17% is not a good first half-decade, Meg!
The 80s sucked. Pop culture makes it look cooler than it was. Imagine going back time thinking it'll be cool only to end up impoverished and having to deal with a crime rate massively higher than today.
Well maybe if we put lead back in the gas, on the toys, and build the pipes out of it we could have that high crime rate again. If it wasn't for you SJW woke sissies we couldve turned everything into the 1993 Mario movie!
If you can't tell this is a joke I don't know what to tell you.
God, imagine how good everything would taste of we could just get lead back into everything. Paint chips are back on the menu!
And yet houses were affordable. The rate of home ownership was 65.6% in 1980 and was 65.6% in 2024 as well. The Volker shock started under Carter and continued under Reagan was much more impactful in the strong growth economy to follow than the Reagan tax cuts.
I mean, sure if you don't count the pandemic that killed millions of Americans...