The crisis was one of capitalist profitability - the rate of profit - moreso than one felt directly by workers (though they still felt its impacts. The late 70s in particular is where this was felt most acutely. The hatred most boomers feel towards Jimmy Carter is mainly due to the economic pressures they felt at the time). Of course that was still the time of boomers buying homes for relatively cheap so it looks good compared to now but not compared to the decades before it. The 1970s were known as the era of stagflation. Essentially, the capitalists were squeezed by higher prices (oil embargoes, labor unions, etc) and had to find a way to reverse this and restore profitability. Things like offshoring and financialization of the economy were the solution. And that worked for a while, but now there’s no more gains to be made there.



It’s not about ticking boxes though. It’s recognizing that just sitting on your hands and doing nothing for people other than saying “well at least we aren’t the Republicans!” and not fighting tooth and nail for important things (like the PRO Act, voting reform, minimum wage increases, etc) just means people are gonna walk away and try voting for the other team next cycle because at least they’re promising something.