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> In exchange the US got cheap goods (and low inflation), and continued supremacy of the dollar in world trade and as a reserve asset. And perhaps most import
by quantum_solanum 4y ago
> In exchange the US got cheap goods (and low inflation), and continued supremacy of the dollar in world trade and as a reserve asset.
And perhaps most importantly defused the worker radicalism of the 60s/70s by literally moving the means of production out from under them.
- Mountain_Skies 4y agoAnd when it started to rise up again just a little bit with Occupy Wall Street, we got identity politics to ensure workers would never have that opportunity ever again.