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How Communism Created the Golden Age of Capitalism
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The golden era of capitalism from the 1950s to 1970s wasn't brought to you by capitalism but by communism and government regulation. During post-WWII America, the government implemented socialist policies that created unprecedented prosperity while simultaneously demonizing communism abroad.
• Government contracts forced corporations like Boeing, General Dynamics, and Lockheed to build specific products with extensive oversight
• Social services including the GI Bill, Federal Housing Administration, Highway Interstate Act, Medicare and Medicaid were created during this era
• Top marginal tax rate was 91% from 1946-1963, funding social spending and development
• Employment Act of 1946 legally committed Washington to pursue maximum employment
• When USSR collapsed in the 1980s, deregulation followed, creating massive inequality
• Capitalism only wore a human face because it feared losing its head to communism
Citations:
1. Knaack, Robert. _Post-World War II Bombers: 1945–1973_. USAF History Office, 1988.
2. Markusen, Ann. _The Rise of the Gunbelt_. Oxford Univ. Press, 1991.
3. NASA Marshall Space Flight Center. _Saturn Illustrated Chronology_. NASA SP-4012, 1974.
4. Sapolsky, Harvey. _The Polaris System Development_. Harvard Univ. Press, 1972.
5. U.S. GAO. _F‑111 Aircraft Staff Study_. February 1973.
6. Pedlow, Gregory & Welzenbach, Donald. _The CIA and the U‑2 Program, 1954–1974_. CIA, 1998.
7. Robarge, David. _Archangel: CIA’s Supersonic A‑12 Reconnaissance Aircraft_. CIA, 2012.
8. Francillon, René. _Lockheed Aircraft Since 1913_. Naval Institute Press, 1979.
Check out my book Rethinking Broken now available at RethinkingBroken.com where you can purchase the paperback, hardback, ebook, or soon-to-be-released audiobook directly from me rather than through Amazon.
Support the show
Music by Wutaboi
Email us at [email protected]
Buy me a coffee at
www.buymeacoffee.com/owlmedicine
Social Media
Facebook: www.facebook.com/owlcmedicine
Instagram: www.instagram.com/owlcmedicine
My Websites
www.owlchrysalismedicine.com
www.decolonizehealthcare.com
www.rethinkingbroken.com
#rethinkingbroken #CPTSD
#chronicstressadapted #ComplexPTSD
#childhoodtrauma #Authorpodcast #bestsellingauthor #queerauthor
#adhd #dyslexia #dyscalclia #Queer #queerpodcast #queerhost
#adultswithadhd #veteran #therapist #nonfictionauthor #traumaauthor
#undiagnisedadhd #childhoodtrauma
#trauma #lifeaftertrauma #PTSD
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By Owl C MedicineSend us a text
The golden era of capitalism from the 1950s to 1970s wasn't brought to you by capitalism but by communism and government regulation. During post-WWII America, the government implemented socialist policies that created unprecedented prosperity while simultaneously demonizing communism abroad.
• Government contracts forced corporations like Boeing, General Dynamics, and Lockheed to build specific products with extensive oversight
• Social services including the GI Bill, Federal Housing Administration, Highway Interstate Act, Medicare and Medicaid were created during this era
• Top marginal tax rate was 91% from 1946-1963, funding social spending and development
• Employment Act of 1946 legally committed Washington to pursue maximum employment
• When USSR collapsed in the 1980s, deregulation followed, creating massive inequality
• Capitalism only wore a human face because it feared losing its head to communism
Citations:
1. Knaack, Robert. _Post-World War II Bombers: 1945–1973_. USAF History Office, 1988.
2. Markusen, Ann. _The Rise of the Gunbelt_. Oxford Univ. Press, 1991.
3. NASA Marshall Space Flight Center. _Saturn Illustrated Chronology_. NASA SP-4012, 1974.
4. Sapolsky, Harvey. _The Polaris System Development_. Harvard Univ. Press, 1972.
5. U.S. GAO. _F‑111 Aircraft Staff Study_. February 1973.
6. Pedlow, Gregory & Welzenbach, Donald. _The CIA and the U‑2 Program, 1954–1974_. CIA, 1998.
7. Robarge, David. _Archangel: CIA’s Supersonic A‑12 Reconnaissance Aircraft_. CIA, 2012.
8. Francillon, René. _Lockheed Aircraft Since 1913_. Naval Institute Press, 1979.
Check out my book Rethinking Broken now available at RethinkingBroken.com where you can purchase the paperback, hardback, ebook, or soon-to-be-released audiobook directly from me rather than through Amazon.
Support the show
Music by Wutaboi
Email us at [email protected]
Buy me a coffee at
www.buymeacoffee.com/owlmedicine
Social Media
Facebook: www.facebook.com/owlcmedicine
Instagram: www.instagram.com/owlcmedicine
My Websites
www.owlchrysalismedicine.com
www.decolonizehealthcare.com
www.rethinkingbroken.com
#rethinkingbroken #CPTSD
#chronicstressadapted #ComplexPTSD
#childhoodtrauma #Authorpodcast #bestsellingauthor #queerauthor
#adhd #dyslexia #dyscalclia #Queer #queerpodcast #queerhost
#adultswithadhd #veteran #therapist #nonfictionauthor #traumaauthor
#undiagnisedadhd #childhoodtrauma
#trauma #lifeaftertrauma #PTSD