>I think you are exaggerating the importance of the 'class warfare' to the
>ruling class. That threat was effectively neutralized in the 1920s - as
>demonstrated by the saying " I can hire half of the working class to kill
>the other half."
The ruling class hated the 1970s because it thought it was in danger of losing the class war, or at least failing to win. That was the reason for Volcker and the recession of 1980-82.
Doug