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(Part 1) The 5 Most Important U.S. Economic Events Over the Last 50 Years

Jeffrey Goodman
12 min readOct 1, 2023

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Imagine a football game where game-changing plays happen off the field and get no attention. That’s American economics for the last 50 years.

Photo by Kristina Flour on Unsplash

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Imagine a football game where the most game-changing plays are happening off the field and no one’s talking about them.

That’s what’s been going on in American economics for the last 50 years.

Big shifts, game-changing moments, but hundreds of millions of Americans still somehow miss the memo.

How did so many people — hundreds of millions of us! — not see what has been going on for close to 50 years now?

This 5-article series is the playbook we’ve all needed — something that details these economic megatrends that slipped way under the radar even though they have reshaped the way we live, work, and dream.

Here is the roadmap for this article and the next four articles.

  1. [TODAY] Over the last 50 years, an alarming Everest-sized mountain of American cash ended up in the pockets of a select few via relentless wealth transfers from the Bottom 90% of the U.S. population to the Top 10% and the Top 1%.
    It didn’t happen overnight, but wow, it sure happened. In many cases, it has really been hiding in plain…

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Jeffrey Goodman
Jeffrey Goodman

Written by Jeffrey Goodman

Navigating facts and numbers to help people. Strong opinions on climate change and healthcare. Objective, not neutral. MIT engineer, Wharton MBA.

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