Home > Author > >

" So the years 1973–78 were apocalyptic years not just for me, but for the millions upon millions of people around the world dominated by capitalism. For many Americans, especially those in the North and Northeast, the economic conditions in the early 1970s were in fact quite brutal. Between 1970 and 1977, one million jobs disappeared. The rapid and massive displacements of capital and jobs due to increasing globalization and deindustrialization caused immense human suffering for those on the lower levels of the economic ladder, compounded by chronic stagflation and deep cuts in social spending under the Nixon administration.11 Add to these economic crises the political and cultural turmoil of the early 1970s stirred by the Watergate revelations, the abandonment of the gold standard for currency, the energy crisis, the ignominious retreat from Vietnam, and Roe v. Wade.12 For many people, these economic, political, and cultural upheavals made for apocalyptic times indeed.13 "

, White Trash: Race and Class in America


Image for Quotes

 quote : So the years 1973–78 were apocalyptic years not just for me, but for the millions upon millions of people around the world dominated by capitalism. For many Americans, especially those in the North and Northeast, the economic conditions in the early 1970s were in fact quite brutal. Between 1970 and 1977, one million jobs disappeared. The rapid and massive displacements of capital and jobs due to increasing globalization and deindustrialization caused immense human suffering for those on the lower levels of the economic ladder, compounded by chronic stagflation and deep cuts in social spending under the Nixon administration.11 Add to these economic crises the political and cultural turmoil of the early 1970s stirred by the Watergate revelations, the abandonment of the gold standard for currency, the energy crisis, the ignominious retreat from Vietnam, and Roe v. Wade.12 For many people, these economic, political, and cultural upheavals made for apocalyptic times indeed.13