Socialist Progressives

because it is a capital that doesn't reinvest in making the wider economy grow. But in order to reinvest there has to be ENOUGH profit made, not just a profit. Since the rate of profit was high during the post-war rebuilding, those social democratic gains could be afforded by the system, so they offered a few more crumbs from the table in order to keep the profit chain running smoothly. In the mid 60s through the 70s the RoP began to fall which paved the way for Reagan's neo-liberalism and the attacks on those social democratic programs in order to boost the rate of profit for a few decades, along with globalization and super exploitation of the developing countries. Since '99 though the RoP has been falling again. Which means that those social democratic programs that everybody is nostalgic for, by capitalist logic, are no longer affordable.