jeff sommers wrote:
How much of this is a reprise of the 1970s? What's different, what's the same...?
So far, inflation is low (outside energy), the US postal workers aren't going on wildcat strikes and auto workers aren't sabotaging the line, and the "Third World" is, with a few notorious exceptions (Venezuela, e.g.) much better behaved. The US is, however, losing an imperial war. The parallel is that this decade, like the 70s, follows a two-decade boom (though the boom of 1982-2000 was much more uneven than the 1950-73 boom). Doug
