But the 60s was the period where there was real trickling down, not like now. There was so hope for a brief moment that the age of socialism was dawning and America, the richest nation was leading the way. There are different faces (and phases) of capitalism. But then, corporate restructuring and downsizing occurred to cut the "fat" (but instead only cut the trickling down) and globalization was devised to squeeze American workers, among other things. There was also a golden age of monarchy. Yet it went to the graveyard of history. Henry C.K. Liu Ricardo Duchesne wrote: > > LA, with all its problems, is still my favorite city, although I only lived > > there a little more than 4 years and in the late 60's, a period my friends > > there now tell me was the golden era for LA, and in fact for much else in the > > world. > > > > During that time, anyone arriving LA in the morning would have three jobs to > > choose from by afternoon and in three different sectors: defense, media or > > real-estate. > > I agree, urban capitalism can sometimes be glorious.
