The West needed 30 years to realize that (some are still working on this I think) because it thought that it had actually 'won' the Cold War through it's actions during the Cold War, when the reality was much more likely that the East had collapsed also without much 'help' from the West.
The countries on the 'losing side' in this battle of ideologies (like the Soviet Union and China) had adapted to this new reality much more quickly, both in different ways though, but none of them copied the 'obviously superior' model of the Free West.
Of course hindsight is 20/20, but sometimes I've got the impression that many people in the West still wear their rose-tinted Cold War glasses ;)
Most of the legislation passed revolves around redistribution of wealth, and it's not taking from the rich and giving to the poor but quite the opposite. Any and all amassed wealth is being extracted from the poor and being given out to businesses in the form of lucrative contracts or, more recently, bailouts. The companies that receive this money promise that it's going to trickle down while they fill Golden Parachutes, perform stock buy backs, and find other ways to funnel that money to their wealthy share holders.
The message for decades was that the government was inefficient and wasteful, and that private business can do it better. We've all heard the stories of the $300 hammer. But when things are privatized things generally get worse. Fewer workers earning lower wages doing more work but the overall product is worse and it's usually not cheaper. Any and all reductions in cost are just converted into profit margin.
The US is being sucked dry and when there's nothing left, the globalist in charge will just up and move on.
What product is worst and more expensive that you have in mind?
It's not that easy. Assuming they can afford to leave, most cannot, the fact that they've lived their entire lives here and their whole support system resides here makes it hard. Many people aren't upwardly mobile, and things aren't bad enough to make them desperate.
> What product is worst and more expensive that you have in mind?
Privatized utilities. The pitch in the 90s was that you'd have a bunch of providers competing to offer lower rates and the result would be lower prices. The reality is that you pay a very high base fee (no longer subsidized in the rate), and then you pay a service fee to your provider. Most rates are promotional so once a year you shop around or call up your gas provider to negotiate like you would your ISP. Switching providers usually results in activation fees and other costs.
This works great for large consumers (e.g. factories, businesses) who pay lower overall rates but the poor suffer. An example, I used $1.76 in natural gas last month but my bill was $36. I paid more in taxes ($2.04) than I paid for the gas. People in my state pay $32 a month in fees for the privilege of being able to pay for gas. That's on top of the deposit people with poor credit have to put down.
-- https://nrs.harvard.edu/urn-3:HUL.InstRepos:34623859
-- https://www.law.upenn.edu/live/files/6611-report-municipal-f...