Part One: How the Great Acceleration Gave way to
Neoliberalism and Globalization
The Postwar Dream
In 1945, the world exhaled. The devastation of the Second
World War left cities in ruins and millions dead, but it also left a strange
kind of clarity. Out of the rubble, there emerged a vision of a future that
might at last deliver peace and prosperity. In the United States, that
dream took on a distinctive shape: stable jobs, modest but growing wealth, a
single-family home, and the promise of upward mobility for one’s children.
This was not a dream pulled out of thin air. It was built on
the hard-won foundations of the New Deal, which had established the principle
that government bore responsibility for the welfare of its citizens. Combined
with the unprecedented economic engine of the Petrocene — the age of cheap oil
and seemingly limitless energy — the stage was set for what the French would
later call les trente glorieuses, the thirty glorious years of
postwar growth.
For ordinary Americans, this translated into something
tangible. The GI Bill sent millions of veterans to college, giving them access
to professional jobs that had once been closed to their families. Unions were
strong, wages rose steadily, and productivity gains translated into broad
prosperity rather than being siphoned off into the pockets of a few. The fiscal
architecture of the era reinforced this balance: progressive taxation, both on
individuals and corporations, meant that wealth was not allowed to concentrate
in quite the same way it would later.
Culturally, the suburban home became the icon of the dream.
The postwar migration to the suburbs was not simply about shelter; it was a
reshaping of American life. The little house with a yard symbolized stability,
autonomy, and entry into the middle class. Yet it also carried with it
consequences that were not immediately obvious. Suburbanization tied prosperity
to the automobile, embedding car culture into the nation’s DNA. It also
restructured family and community life, dispersing extended families and weakening
older neighborhood ties in favor of nuclear households orbiting around highways
and shopping centers. What looked at the time like a promise fulfilled would
later contribute to the loneliness epidemic of the twenty-first century.
The optimism of the period was palpable. Children born in
the 1950s and 1960s grew up with a sense that each decade would be better than
the one before. They lived in an America that had defeated fascism abroad, was
engaged in building the Great Society at home, and seemed poised to extend its
prosperity indefinitely. It was not naïve to believe in progress; it was the
common sense of the age.
This was the Postwar Dream: a belief that
collective effort, guided by government, powered by industry, and spread across
society, could deliver a good life for all, an underlying promise that
shaped a generation’s imagination of what was possible.
That dream, however, would not remain untouched. The forces
that made it possible — the energy bounty of the Petrocene, the discipline of
progressive taxation, the faith in collective action — would all, in time, be
undermined. What began as a dream would slowly mutate, first into acceleration,
then into something far more precarious.
The Great Acceleration
By the mid-twentieth century, the Postwar Dream had found
its fuel. The vast energy bounty of oil, coal, and natural gas — combined with
technological innovation and an industrial base untouched by the devastation of
war — propelled the United States and much of the Western world into
a period of breathtaking expansion. Historians now call this period the
Great Acceleration: a rapid and near-exponential surge in population,
production, consumption, and environmental impact.
It is difficult to overstate the scale of this
transformation. Global population doubled between 1950 and 1987. Car ownership,
air travel, electricity use, fertilizer application, and plastic production all
shot upward in curves so steep they look almost vertical on a chart. What had
been linear growth in the early twentieth century became exponential in the
decades after the war. For a generation raised on the promise of endless
progress, this looked like vindication of the dream.
In the United States, the suburb became the primary
stage on which the acceleration unfolded. The migration outward from cities was
fueled by cheap mortgages, new highways, and the promise of safety and space.
The suburban landscape demanded cars, and cars demanded oil. Daily life became
inseparable from the rhythms of the internal combustion engine. For a while,
this dependence felt liberating — mobility meant opportunity. But it also
locked American society into a high-energy, high-consumption pattern that would
prove difficult to reverse.
The Great Acceleration was not only material; it was
cultural. The promise of upward mobility became a kind of social contract. The
children of working-class families expected to go further than their parents,
and often did. University enrollments soared. Home ownership expanded. Consumer
culture blossomed with television, advertising, and mass-produced goods that
symbolized status as much as utility. From Tupperware parties to Disneyland
vacations, the markers of modern life were suffused with a sense of novelty and
abundance.
Yet beneath the optimism lay contradictions. The benefits of
acceleration were not evenly distributed. Redlining and housing discrimination
locked Black families out of the suburban boom. Indigenous communities bore the
brunt of resource extraction. And the prosperity of the industrial West was
underwritten by a global system that treated the Global South as a reservoir of
cheap labor and raw materials.
Most ominously, the environmental consequences of
acceleration were already becoming visible. Rachel Carson’s Silent
Spring (1962) sounded the alarm about pesticides and ecological
fragility. Smog choked Los Angeles, rivers caught fire, and oil spills stained
coastlines. Scientists were beginning to warn about the link between fossil
fuel combustion and atmospheric change. Still, for most citizens, the
exhilaration of growth drowned out the early signals of danger.
In retrospect, the Great Acceleration can be seen as a
high-wire act: a dazzling display of human ingenuity, powered by finite
resources, premised on the assumption that the Earth could absorb limitless
extraction and waste. For those who lived through it, it was often thrilling.
But it also set in motion the crises that would later define the twenty-first
century — climate disruption, ecological collapse, and a social order
increasingly unable to deliver on the promises it once made.
The dream had become a race, and the pace of that race left
little room for reflection. The sense of inevitability — that tomorrow would
always be bigger, faster, and better than today — was intoxicating. But it was
also a trap. When the momentum faltered, the consequences would be profound.
The Neoliberal Turn
By the late 1970s, the confidence that fueled the Great
Acceleration was starting to crack. Stagflation — an unfamiliar mix of economic
stagnation and inflation — shook the assumptions of endless growth. The oil
shocks of 1973 and 1979 made it clear that the Petrocene’s bounty was neither
stable nor inexhaustible. Industrial jobs began to vanish as manufacturing
moved offshore. For the first time since the war, a generation looked ahead and
doubted whether they would be better off than their parents.
Into this climate of uncertainty stepped a new ideological
project: neoliberalism. Popularized by figures like Margaret Thatcher in the
United Kingdom and Ronald Reagan in the United States, it promised to
break free from the burdens of regulation, taxation, and government
intervention. The narrative was seductive in its simplicity: government was the
problem, not the solution. If markets were liberated — if taxes on the wealthy
were slashed, unions curbed, industries deregulated, and finance unleashed — then
prosperity would return, and “all boats would rise with the tide.”
What made the neoliberal turn so effective was its emotional
appeal. It harnessed the frustration of citizens who felt left behind and
reframed it as a revolt against bureaucracy, inefficiency, and welfare
“dependency.” It aligned itself with cultural conservatism, draping free-market
ideology in the language of freedom, patriotism, and even religion. In Reagan’s
America, laissez-faire economics became bound up with the idea of American
exceptionalism itself.
The economic sleight of hand was profound. For three
decades, prosperity had been measured by rising GDP, but it had also been
sustained by progressive taxation that ensured wealth was broadly shared.
Neoliberalism rewrote the script: by cutting taxes on corporations and the
rich, it claimed, growth would accelerate and benefits would “trickle down.”
The Laffer Curve, with its laughably simple promise that lower taxes could
increase revenue, became the talisman of the age. The public bought in, fueled
by the dream that anyone — if they worked hard enough, or got lucky enough —
could be rich.
In practice, the effects were corrosive. Wealth concentrated
at the top. Wages stagnated for the middle and working classes. Social programs
were rolled back under the banner of fiscal responsibility. The bipartisan
embrace of free-market policies — from Thatcher and Reagan to Clinton and Blair
— signaled that the social-democratic vision of the postwar era had been
decisively abandoned.
Culturally, the ethos shifted. Where the youth of the 1960s
had believed they could change the world, the prevailing mood by the 1980s and
1990s was “look after number one.” The mantra of Wall Street — greed is
good — escaped into popular consciousness, no longer a cautionary line
from a movie villain but a guiding principle of economic life. The promise of
collective uplift was replaced by a lottery mentality, epitomized by reality
shows, stock-market speculation, and the rise of Silicon Valley entrepreneurs
as cultural icons.
Neoliberalism also reshaped governance itself. Campaign
finance laws were loosened, culminating in the Citizens United decision of
2010, which enshrined the power of money in politics. Electoral institutions
already skewed by the Electoral College and Senate representation became even
more distorted by the influence of corporate lobbying. Increasingly, politics
became something done to people, not for them
— a performance staged by elites with the financial means to shape outcomes.
In retrospect, the neoliberal turn was less a solution to
the crises of the 1970s than a redirection of power. It stabilized inflation,
restored profits, and fueled globalization, but at the cost of deepening
inequality and hollowing out the social contract. The Postwar Dream had been
one of shared prosperity; neoliberalism recast prosperity as an individual
gamble, where the risks and burdens fell on ordinary citizens while the rewards
flowed upward.
The consequences of this turn were not immediately obvious.
For a time, the stock markets boomed, consumer goods became cheaper, and credit
cards extended the illusion of affluence. But underneath, the foundations were
eroding. When the cracks widened, as they inevitably would, the cost would be
borne not by the architects of neoliberalism but by the generations who came
after.
In Part two, I’ll explore the opportunities missed during
the 1990s and the Great Enshitification that ensued.
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