>Wasn't the crisis for the regime of the 1970's a crisis for a tiny rich
>minority and the richest corps , and not for the working masses of the world
>?
Real wages for American workers peaked in 1973 and started falling. Inflation was no picnic for them. Poor countries were socked with huge oil import bills. And almost no one likes inflation - soft lefties who don't worry so much about inflation really underestimate what a potent political issue it can be.
Doug