Th e collapse of the most powerful group of workers in the country changed the face of British labor relations. … From 1975 to 1996, rates of economic exploitation almost doubled. In those same years the profi t rate grew from 21 percent to 32 percent. … Following the advances of labor in Italy during the 1970s, austerity was reintroduced and was predictably successful in quieting and disciplining the majority.

Clara E. Mattei, The Capital Order, loc. 1557