Opinion  Sociology and economics 

The long 20th century

Slouching Towards Utopia

Opinion  Sociology and economics 

The long 20th century

Slouching Towards Utopia

Bradford DeLong 
01/12/2022


What I call the ‘long twentieth century’ started with the watershed-crossing events of around 1870 – the triple emergence of globalization, the industrial research lab, and the modern corporation – which ushered in changes that began to pull the world out of the dire poverty that had been humanity’s lot for the previous 10,000 years, since the discovery of agriculture. And what I call the ‘long twentieth century’ ended in 2010, with the world’s leading economic edge, the countries of the North Atlantic, still reeling from the Great Recession that had begun in 2008, thereafter unable to resume economic growth at anything near the average pace that had been the rule since 1870. The years following 2010 were to bring large system-destabilizing waves of political and cultural anger from masses of citizens, all upset in different ways and for different reasons at the failure of the system of the twentieth century to work for them as they thought that it should...[+]


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