Oct 24, 2021
One of the causes of the mid-20th Century 'blip' was the Cold War. The powers that be found themselves in the uncomfortable position of having to prove to their workers that a better life was actually possible under capitalism.
All that was actually proved by this is that, while capitalism can sustain a high-wage economy and a socially-mobile class system, capitalists themselves prefer not to! As witness the relapse into Victorian conditions since the collapse of the Soviet Union.