▲ 604 ▼ More than half of US families are one paycheck away from homelessness. (lemmy.ml) submitted 10 months ago by dessalines@lemmy.ml to c/memes@lemmy.ml 222 comments fedilink hide all child comments
[+] Cowbee@lemmy.ml 32 points 10 months ago (1 child) [removed by mod] permalink fedilink source parent hideshow 1 child comment replies: [–] Weydemeyer@lemmy.ml 9 points 10 months ago I certainly don't disagree, but I think it's very useful to highlight how this has changed (IMO) in recent decades. I think there was a time when the boomer generation was earning relatively good incomes that allowed them to live comfortably and accumulate wealth (mainly in houses and the stock market). I think this arrangement between capital and the (predominantly white) working class created a situation where even those workers without much wealth could be "bought off" and swear allegiance to capitalism. This wasn't sustainable of course, as the postwar industrial boom and then the gains from neoliberalism were never sustainable. Couple that with the fall of the Eastern Bloc and with it the "threat of a good example", and I would say that this arrangement lasted as late as the GFC at most. I think this helps explain how older people today - even if they are solidly working class - might still be hostile to anything they think is "socialism" while younger generations do not share those opinions, it seems. permalink fedilink source parent
[–] Weydemeyer@lemmy.ml 9 points 10 months ago I certainly don't disagree, but I think it's very useful to highlight how this has changed (IMO) in recent decades. I think there was a time when the boomer generation was earning relatively good incomes that allowed them to live comfortably and accumulate wealth (mainly in houses and the stock market). I think this arrangement between capital and the (predominantly white) working class created a situation where even those workers without much wealth could be "bought off" and swear allegiance to capitalism. This wasn't sustainable of course, as the postwar industrial boom and then the gains from neoliberalism were never sustainable. Couple that with the fall of the Eastern Bloc and with it the "threat of a good example", and I would say that this arrangement lasted as late as the GFC at most. I think this helps explain how older people today - even if they are solidly working class - might still be hostile to anything they think is "socialism" while younger generations do not share those opinions, it seems. permalink fedilink source parent