[Ludleth19]

This is just flat out untrue for a variety of reasons. People need to stop thinking of 1945-1975 as "the norm," it was a world historic anomaly that was a direct response to earlier events- the economy targeted full and fair employment to stop people from drifting to more extremist ideologies because everyone literally just lived through the result of highly unregulated capitalism for example. That was a large impetus behind Keynesianism and Bretton Woods, which was ultimately unsustainable and led to the broader global economy we have now- which itself seems more unsustainable by the day.