The 1980s boom was overheated growth within decay, not renewed expansion

Evidence

The relative prosperity of the mid and late 1980s did not mark the beginning of a new period of capitalist expansion comparable to the boom of the 1950s and 1960s, but represented an episode of overheated and unhealthy growth - in what Gordon rightly calls ‘the decay of the postwar global enconomy’. — Alex Callinicos, Against Postmodernism, 531

Categorization

• XREF: Directly contests the narrative of 1980s prosperity as a healthy new expansion; frames the decade within the longue durée of postwar decay, supporting the book’s counterargument to Jameson’s periodization. — connects to: The Reagan-era recovery was speculative, not a real industrial revival. — Alex Callinicos, Against Postmodernism: A Marxist…, 528

Broader Connections

• The Reagan-era recovery was speculative, not a real industrial revival. #corroborates (0.85) — Alex Callinicos, Against Postmodernism, 528