1971 - Beginning of the End

Apr 25, 2008 13:51

Nixon announces the US is opting out of the Bretton-Woods financial agreement. The laissez-faire crowd (free market anarchists) win out. Speculative capital finance trading is the name of the game. High employment rates no longer a focus. Well-paying American jobs begin to disappear. Middle-class gets less middle. Rich become super rich. More ( Read more... )

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r64half May 3 2008, 09:11:09 UTC
word.

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