+0

For many years, those on the conservative right in the United States have invoked a nostalgia for the 1950s, and an America that never was, but has to be presumed to have existed to rationalize their sense of loss and abandonment, their fear of change, their bitter resentments and lingering contempt for the social movements of the 1960s, a time of new aspirations for women, gays, and people of color. In truth, at least in economic terms, the country of the 1950s resembled Denmark as much as the America of today. Marginal tax rates for the wealthy were 90 percent. The salaries of CEOs were, on average, just 20 times that of their mid-management employees.
Today, the base pay of those at the top is commonly 400 times that of their salaried staff, with many earning orders of magnitude more in stock options and perks. The elite one percent of Americans control $30 trillion of assets, while the bottom half have more debt than assets.

The Unraveling of America By WADE DAVIS



Would you paraphrase the red sentence, please?

+0

I would interpret it as there were aspects of the economy of the US in the 1950s that were more like what you would find now in Denmark than what you would find now in the US.

Comments  
gingeraleWould you paraphrase the red sentence, please?

I can't make sense of it. The writer nodded.

Students: We have free audio pronunciation exercises.
 Blue Jay's reply was promoted to an answer.

I am so relieved that I am not the only one who got confused by this sentence.

Thank you.

Your interpretation makes sense.

I could understand the gist of it from the context, but couldn't make out of the use of "as much as" in the sentence.

Was it obvious to you when you first read it?

Site Hint: Check out our list of pronunciation videos.
gingeraleWas it obvious to you when you first read it?

I had to read it a couple of times to reach the interpretation I gave, and I can't be 100% certain that the writer isn't saying that America in the 50's was like Denmark in the 50's, but I believe my original interpretation is correct. It's not an easy sentence to follow.

Thank you. I think your interpretation fits in this context.