- Oct 1, 2020
- Midwestern USA
- Basic Beliefs
- Agnostic deist
WTF? For the years after WWII, the US was one of the few industrialized countries that did not have to rebuild its infrastructure. So, the US could and did dominate export markets for a couple of decades simply based on the fact that it could produce goods and services that were needed to rebuild.
Of course there was higher growth in the post-war period. You had several years of pent-up technological growth to exploit and there were also years where we could export the bad jobs. Neither of these factors has anything to do with the economic policies of the era.
Plus, we introduced a ton of socialism to our economic system.
It was Great While it Lasted.