S7 E7: Gilded Age 2.0
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1970s Political Climate
- In the early 1970s, a mixed economy consensus prevailed in the US.
- This combined capitalist markets with strong labor unions and a welfare state.
- This approach was widely accepted among those in power at the time.
- Despite a Republican president (Nixon), Democrats held Congressional majorities.
- Nixon's economic policies leaned more towards future Clinton-style approaches than Reagan's.
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