Was that period perfect? Of course not. Bad things happened, poverty existed, governments screwed up, and there were wars and reversals and crises. But the general trend was for increased wealth, health, life expectancy, security, openness, home-ownership, saving, disposable income, social cohesion, and acceptance of others. In the years since the mid- to late-80s, to put it mildly, the pendulum swung back. Those gains – and for the vast majority of us, they were substantial gains – have juddered to a halt, stagnated, and then begin to slide inexorably back.
Prior to that, wages were high, growth was almost constant, unions ensured jobs were safe, education was free, productivity was strong, healthcare was well funded, and housing was cheap… More here.
A quite brilliant article.