>Am I wrong?
>What happened after 60s?
The destruction of the unions through offshoring, mass economic immigration, austerity, privatization, and deregulation. Unions were too weak to fight any of it in the '70s.
This was the consequences of the '60s. The "New Left" of youth outside the labor market had shifted their attention away from the "Old Left"'s infrastructure of labor unions and economic issues, toward social issues (war, pollution, race, sex, religion, censorship, etc.) with no durable infrastructure beyond a loose subculture. After legal concessions were obtained for all these issues by the late '60s, the "New Left" had grown old enough they had to enter the labor market.
Having grown up totally alienated from unions, and with all the "leftism" they had known evaporating from its own success, they pivoted to nowhere politically, and were unorganized lambs for the slaughter by porky in the workplace.
>Why capitalism entered it's dead end after 1968?
Because while porkies still got fabulously rich from sheer economic growth, that wasn't enough for them. Their share of the economy was shrinking, and worse, their overall profitability was declining. Something had to be done.
>It only "worked" back then for Americans cause Europe was totally destroyed
Nope, Europe was already running at full blast by the mid-50s, and succdem reforms had propelled it (especially the prewar famine-wracked Nordic shitholes) lightyears beyond anything that existed in Gilded Age Europe. Europeans were already doing significantly better than Americans by the mid-60s. Neoliberalism hit everywhere all at once in the early '70s.
Golly, I wonder what caused that? Was it inherent to Keynesianism like the neolibs love to claim, or was it a combination of deliberate sabotage of Keynesian ideas like Bancor combined with outright economic warfare with the conveniently timed oil "crisis"?
China's inequality, and the amount of power held by porkies, is actually getting WORSE, not better. Gains to worker QoL are entirely from sheer growth. Once they hit diminishing returns, that spells disaster for the people of China unless porky's trotters can be extricated from the levers of power.