I’ve been thinking that ever since that dumb “submarine” sank at the Titanic. I don’t feel particularly sorry for the people who died (other than the kid who apparently didn’t want to be there in the first place), but the outright glee I saw a lot of people express online was surprising.

It seems like there was a largely unspoken agreement among the wealthiest in the West throughout the middle of the 20th century, particularly in the aftermath of the Depression, World War II, and the rise of communism, that they wouldn’t try to extract the absolute maximum of wealth from the workers and try to keep a stable, happy middle class and even lower class that had a relatively comfortable existence without feeling too at risk of losing everything. As you get to the end of that century and into this century, the wealthiest forgot why that policy existed, newcomers didn’t understand it, or they decided they wanted to see how much more extraction they could get away with thinking they’ll be able to reign in any unrest before it gets too bad; probably some combination of those and other factors. It’s a dangerous game to play, though, and it seems like explosive moments are closer than the wealthy powers realize.

Not that I think there’s any real organizing power behind the scenes, just that in the past a lot of people came to a collective understanding of a system that could bring a lot of financial stability to a lot of people.