In 1950, redistribution of wealth was considered to be something that “the communists” did. In 1950, about 13 million Americans had manufacturing jobs. military was mobilized to protect the borders of South Korea. In 1950, there were about 2 million people living in Detroit and it was one of the greatest cities on earth. In 1950, the Dow Jones Industrial Average was slightly over the 200 mark.
In 2012, the average duration of unemployment is about 40 weeks.There has never been any society in the history of the world that has been perfect. In 1950, you could buy a first-class stamp for just 3 cents.America was flawed in 1950 just as America is flawed today. In 2012, a first-class stamp will cost you 45 cents.Would you rather live in the America of 1950 or the America of 2012?Has the United States changed for the better over the last 62 years?
But not all of the changes have been for the better.