09 February 2008

Don´t kill record dealers

Many music blog tend to abuse on the volume of music they post.

Well let me tell you that many record dealers selling out-of-print music in vinyl suffer a lot from that, and many are closing down already

Is it what we want? No. Professional record dealers are the one who keep alive the flow of out-of-print music on the market.

For that reason I inform you that Sounds of the 70s will reduce its posts to once a month.

please read coments too

03 February 2008

I am pleased to anounce that Sounds of the 70s received a 3 stars rating at

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02 February 2008


In the 70s the main economic fear was inflation (Inflation, that eroded purchase power day by day, was a recurrent issue in 70s music by the way).

In 1979, Paul Volker was appointed chairman of the Federeal Reserve Bank (the FED) and reappointed in 1983 by the superbad Reagan.
Paul Volker broke inflation for the first time in US and world´s economy, through a strict monetary policy, leading to low interest rates too.

This could have been a great step forward for the people...

27 years later the question is : who benefited it?
Companies and their shareholders? or the people?
On the one hand companies have outrageously increased their profits (check the S&P 500 increase since 1981).
On the other hand the middle class is worlwide stuck and didn´t see it purchase power increase in real terms, despite low inflation.
With low inflation + deregulation the financial sphere could grow protected, and distribute credit like never before.

The same happened with globalisation and free trade. Initially a good idea, it just eventually served the interests of large corporations who used it as a way to delocate and at the same time blackmail the manpower they couldn´t get rid of in their territories.

Since demand is not driven by salaries anymore, credit took over as the only way to maintain demand and feed companies. Who pays : the people, again..

Enough said : companies and their shareholders have been the only winners since these post-70s economic big bangs that were meant to change the world