buritobr
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Posts: 3,702
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« on: February 04, 2016, 07:29:17 PM » |
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I think that, from the 1960s to the 2010s, the world moved to the right on economic issues and to the left on social issues.
In the 1960s, the top 1% earned 10% of the national income in the USA. Nowadays, the top 1% earns 20%. The top income tax rate in the developed countries used to be between 60% and 90%. Nowadays, the top income tax rate is between 40% and 50%. Real purchase power of the minimum wage used to follow the productivity growth. Labor unions were stronger. In Europe, even in the capitalist west, there was a consensus that the state should take care of education and health. State owned enterprises were accepted in electricity, telefone, railways, airlines and heavy industries. In the 1980s and 1990s, these enterprises were privatised. It is accepted now that private firms can manage public schools. Keynesianism was the mainstream in the 1960s. Nowadays, there is the "new keynesianism", which has keynesianism only in the name.
On the other hand, the world became more open mind about race, sex, religion and civil liberties. In the 1960s, most of the Americans did not tolerate interracial marriage. Nowadays, most of the Americans tolerate gay marriage. In the 1960s, it was very hard to find blacks in soccer stadiums in Europe, in the teams and in the audience. The first soccer players in Europe, in the 1970s, used to earn less than the whites. Nowadays, there is no racial wage gap. The number of non-religious people in western countries in increasing. There is no apartheid in South Africa anymore. In the 1960s, there were three right-wing dictatorships in Europe, many right-wing dictatorships in Latin America and Asia. Now, there is a "right-wing" dictatorship... in China.
The increasing participation of women in the labor market is na evidence of the two sides of the coin. On one hand, it reflects the modernization of the values. On the other hand, it reflects the stagnation of the middle class wages.
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