Seventies Show

The seventies, in US, along with it brought high inflation, gas shortages, fresh food shortages. The economic growth, after the 1973 oil shock slowed down. Inflation started. Comparing life from 70's will be good enough case to study, if you think next 10 years will be a high inflation period. This was just a mild inflation, interest just jumped up to 22.5%. If you however believe in the severe Wienmar German sort of inflation, you should refer to the earlier post The American Hyperinflation.

Here is a little description of seventies.

1. Lot of people started growing vegetables in their backyards. The Beach Boys stopped singing about cars and started singing about vegetables. The unfortunate thing for now is, now people live in flats and have no backyards. So, be prepared to stop eating fresh vegetables/ fruits. You will not be able to afford it. But, you can get the beach boys song "Vegetables" to remind you of the good times.

2. Bigger the city, bigger the problems. The social unrest, fresh-food shortages were more seen in bigger cities rather than small town. Small towns closer to agricultural lands had less social unrest. Agrarian villages were in best shape.

3. Gas was not available easily. Most gas stations only served to regular customers. Cars suddenly lost their coolness, were not important at that time. Bigger the car, more people hated it. So, in current times, it will be SUVs and hummers which will be out of the picture. If things get very worse, cars will some luxury, which we will get at an amusement park for $2 a ride.

4. Restaurants turned a luxury normal people could not afford. The scenario was grow your own food, cook it yourself, eat it and sleep. Or become a hippie and smoke pot and rock-n-roll. No wonder, most of the population chose the latter.

5. Fashion changed every fortnight. People were awesomely crazy in those times, everything weird was cool.

6. People liked to listen to Osho talking about how great the word fuck is. But they did not wanted to listen to any motivational talks. It was a life which had no tomorrow, just have enough resources to live till the end of the night. When Socio-economic boom is prevalent is a great time to start your own company, but Socio-economic problems are prevalent in the economy, is a great time to start your own religion. Believe me, having your own religion is much better than having your own enterprise.

7. That was the time when the rule was, Money does not always rules.