Poul-Henning Kamp on Nostr: nprofile1q…ajcxt I fully agree that 1971 is not magic, but the inflection point is ...
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I fully agree that 1971 is not magic, but the inflection point is around there, caused by a toxic cocktail of the Military-Industrial complex Eisenhover warned us against, Nixon's "souther strategy" (which Reagan went to town with), OPEC, and much else.
But the central effect is that in those crucial first years of the 1970'es it became "good and sound business practice" to make money, no matter how much human suffering it might cause, culminating with Milton Friedman's Op-Ed.
I fully agree that 1971 is not magic, but the inflection point is around there, caused by a toxic cocktail of the Military-Industrial complex Eisenhover warned us against, Nixon's "souther strategy" (which Reagan went to town with), OPEC, and much else.
But the central effect is that in those crucial first years of the 1970'es it became "good and sound business practice" to make money, no matter how much human suffering it might cause, culminating with Milton Friedman's Op-Ed.