Could not agree more! Liberal capitalism was a response to the fear of revolution from below. Once d'etente was firmly entrenched and it was clear that the USSR was not a pressing threat, the push to weaken unions began. After the USSR fell, oligarchs became bolder and bolder. And there is no reason to believe that business would not push living standards down to Zimbabwean levels if they could.
Could not agree more! Liberal capitalism was a response to the fear of revolution from below. Once d'etente was firmly entrenched and it was clear that the USSR was not a pressing threat, the push to weaken unions began. After the USSR fell, oligarchs became bolder and bolder. And there is no reason to believe that business would not push living standards down to Zimbabwean levels if they could.