How Communism Created the Golden Age of Capitalism

Send us Fan MailThe 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 communismCitations: 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 showMusic by WutaboiEmail us at [email protected] Buy me a coffee at www.buymeacoffee.com/owlmedicine Social MediaFacebook: www.facebook.com/owlcmedicineInstagram: www.instagram.com/owlcmedicine My Websiteswww.owlchrysalismedicine.comwww.decolonizehealthcare.comwww.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