Just read some blog doc from ox
That used that expression apparently without any irony
Socially destructive ?
He was referencing the 70's but obviously armed with only the most connive tonal of congenital wisdom
The trail of the levels is indeed a tale to tell
About the product price Structure AND the concomitant wage rate structure
But to hang inflation of productrices from a sky hook and call it socially destructive
Requires a fairly heavy bag of assumptions and equally partial point of view taking
Simple question which decade standing alone w better for the Anglo American job class
The 70's or the 00's ?
Or to give the new moderationaries their best decade
The 70's versus the 90's ?
Not sure the bottom 2/3's of the wage structure would pick the 90's
If both sets of numbers were laid against each other
So what was socially destructive about the 70's
Well the post war advanced economy macronautic system discovered it's limitations
Limitations that threatened the fabric of corporate domination of national policy
The climax in Britain was far more dramatic
With Bennism losing out to Thatcherism
One can speculate about the what it's of a triumphant Bennism
The declaration of a state of siege so to speak
And the state taking measures toward far greater interventionism
And the class tilt that would both reveal and necessitate
