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The Treaty of Detroit and the Deal of the Century
There's this thing called the Treaty of Detroit, which is this massive, basically set of negotiations and then are like agreements that are made between the US government. The deal is you get unions and pension and a vacation and like healthcare, as long as you don't like seize control of factories and run them for themselves. This held from sort of like the 50s through the 70s, but partially this held because also the US specifically was growing really fast. But by the 1970s, suddenly the rate of profit is starting to collapse. Suddenly it does actually become possible to both pay for the welfare state and have capital turned into more capital at the same time. And what happens is is full