Hacker Newsnew | past | comments | ask | show | jobs | submitlogin

Every other developed economy was destroyed by the war. The rise of the middle class here was a result of overall economic growth and the economic suicide of the two world wars and the depression. Holding up the 1940's and 1950's as a model removes the context of cataclysmic world events of the 30's and 40's. Also remember that the US had virtually no welfare state at that time and used higher taxes to pay off war debt.


Guidelines | FAQ | Lists | API | Security | Legal | Apply to YC | Contact

Search: