Contrast 1968, when the CEO of General Motors took home, in pay and benefits, about sixty-six times the amount paid to a typical GM worker. Today the CEO of Wal-Mart earns nine hundred times the wages of his average employee. Indeed, the wealth of the Wal-Mart founder's family in 2005 was estimated at about the same ($90 billion) as that of the bottom 40% of the US population: 120 million people.
Tony JudtThe Second World War had a precipitating effect in that it discredited the empires, as well as bankrupting them. Not only could you no longer, if you were a colonial subject of France in Africa, look to France as a model of power and influence and civility after what had happened in the war. Nor could the French any longer afford to run their empire. And nor could the British, although they were not discredited in the way that the French were.
Tony Judt