No two times are the same. And the economic travails of the 1970s were entirely different from what we have today — they were tied to inflation, oil shocks and what seemed at least like low growth — not massive contractions and ‘first world’ debt crises. But with the mix of roiling economic crises, mushrooming riots spreading across the United Kingdom, it’s hard not to think we’ve been transported to a different decade, a different era. And certainly not a better one.
Suddenly It’s the 70s All Over
August 8, 2011 6:12 pm