Working class boomers lived in a unique moment in world history, which will almost certainly never recur, but they didn’t know it and still don’t. That unique moment was post-WWII America, when the rest of the industrial world was destroyed by war, the New Deal/Keynesianism/US labor militancy had not been completely crushed yet, and the socialist alternative to capitalism in the Soviet Union was looking like a viable alternative to capitalism still. These factors, combined with US colonialism/neocolonialism allowed the US working class to have super-profits never seen before or since, but the Boomers assumed that this was and would always be the new normal.
The super-profits stopped going to working class boomers a long time ago now, except for some who are still on fat pensions or who didn’t get fucked by the 2008 crash and continued to manage their investment portfolio well and didn’t get wrecked by medical costs.
The profits are going to fewer & fewer as companies get more & more consolidated, and as our neocolonialism begins to falter along with our global hegemony. Even the lower end of the petit bourgeois are feeling economic precarity nowadays: The Nation, 2017: Trumpism: It’s Coming From the Suburbs
Working class boomers lived in a unique moment in world history, which will almost certainly never recur, but they didn’t know it and still don’t. That unique moment was post-WWII America, when the rest of the industrial world was destroyed by war, the New Deal/Keynesianism/US labor militancy had not been completely crushed yet, and the socialist alternative to capitalism in the Soviet Union was looking like a viable alternative to capitalism still. These factors, combined with US colonialism/neocolonialism allowed the US working class to have super-profits never seen before or since, but the Boomers assumed that this was and would always be the new normal.
Good for this them… how does this explain them selling their children out tho?
US is still booking that super profit… boomers and owners just get to keep it?
The super-profits stopped going to working class boomers a long time ago now, except for some who are still on fat pensions or who didn’t get fucked by the 2008 crash and continued to manage their investment portfolio well and didn’t get wrecked by medical costs.
The profits are going to fewer & fewer as companies get more & more consolidated, and as our neocolonialism begins to falter along with our global hegemony. Even the lower end of the petit bourgeois are feeling economic precarity nowadays: The Nation, 2017: Trumpism: It’s Coming From the Suburbs