- Jan 14, 2016
Certainly the 50's were better than today in the US. Everyone agrees on that.
Certainly that's true, but it took a world war for that to happen. In the 1950s, the USA had taken over the British Empire, lock stock and barrel and turned Western Europe and Japan into occupied territory. This meant huge transfers of wealth from the rest of the world to the USA. The USA has been living on those transfers ever since - though they began to fail in the mid 1970s.