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James Petras — Rise and Decline of the Welfare State: Class Struggle and Imperial Wars as the Motor Force of US History

Summary:
IntroductionThe American welfare state was created in 1935 and continued to develop through 1973. Since then, over a prolonged period, the capitalist class has been steadily dismantling the entire welfare state.Between the mid 1970’s to the present (2017) labor laws, welfare rights and bene ts and the construction of and subsidies for a ordable housing have been gutted. ‘Workfare’ (under President ‘Bill’ Clinton) ended welfare for the poor and displaced workers. Meanwhile the shift to regressive taxation and the steadily declining real wages have increased corporate pro ts to an astronomical degree.What started as incremental reversals during the 1990’s under Clinton has snowballed over the last two decades decimating welfare legislation and institutions.The earlier welfare ‘reforms’ and

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Introduction

The American welfare state was created in 1935 and continued to develop through 1973. Since then, over a prolonged period, the capitalist class has been steadily dismantling the entire welfare state.

Between the mid 1970’s to the present (2017) labor laws, welfare rights and bene ts and the construction of and subsidies for a ordable housing have been gutted. ‘Workfare’ (under President ‘Bill’ Clinton) ended welfare for the poor and displaced workers. Meanwhile the shift to regressive taxation and the steadily declining real wages have increased corporate pro ts to an astronomical degree.

What started as incremental reversals during the 1990’s under Clinton has snowballed over the last two decades decimating welfare legislation and institutions.

The earlier welfare ‘reforms’ and the current anti-welfare legislation and austerity practices have been accompanied by a series of endless imperial wars, especially in the Middle East.

In the 1940’s through the 1960’s, world and regional wars (Korea and Indo-China) were combined with signi cant welfare program – a form of ‘social imperialism’, which ‘buy o ’ the working class while expanding the empire. However, recent decades are characterized by multiple regional wars and the reduction or elimination of welfare programs – and a massive growth in poverty, domestic insecurity and poor health…. 
Good historical summary, but glosses over the bipartisan political corruption behind it.

James Petras Website
Rise and Decline of the Welfare State: Class Struggle and Imperial Wars as the Motor Force of US History
James Petras | Professor (Emeritus) of Sociology at Binghamton University in Binghamton, New York and adjunct professor at Saint Mary's University, Halifax, Nova Scotia

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Mike Norman
Mike Norman is an economist and veteran trader whose career has spanned over 30 years on Wall Street. He is a former member and trader on the CME, NYMEX, COMEX and NYFE and he managed money for one of the largest hedge funds and ran a prop trading desk for Credit Suisse.

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