I’m really glad to see this as the top comment: I think your analysis is spot on.
Anecdotally I’ve been reading a lot of old news (60s-90s) and it’s amazing to read as a retrospective. It has given me context for how we arrived to present day and it’s funny to see some of the same social phenomenons repeating themselves.
Same, I'd highly recommend Hayek's Road to Serfdom and Constitution of Liberty if you haven't read it already, along with Cato's letters and the the Federalist papers. It's honestly amazing and depressing how accurate they were but I suppose human nature is timeless.
Anecdotally I’ve been reading a lot of old news (60s-90s) and it’s amazing to read as a retrospective. It has given me context for how we arrived to present day and it’s funny to see some of the same social phenomenons repeating themselves.