I know that unions were far more powerful back then and it was a period marked by great, wide-reaching reforms which Reagan and his ilk wanted to undo. No one could question Nixon's anti-communist credentials, yet he supported price controls and the creation of the EPA.
Reagan didn't cause unions' loss of power.
I recall unions slitting their own throats with corrupt
leadership, becoming redundant as safety regulations
improved, becoming redundant as the economy
thrived, & by striking in a manner of self harm.
As you correctly stated above, people did not oppose socialism for strictly economic reasons as they do now, and in fact, most economic considerations appeared secondary. America's cultural center was also more oriented towards the middle class values of the working class. It wasn't until the Reagan era that greed became "good."
Greed has always been good.
Factors that created the myth of the utopian middle class....
- Post WW2 lack of overseas competition.
- Lower quality housing was cheap.
- Land was cheap because of lower population & less real estate regulation.
- Taxes were lower.
- Government benefits were largely limited to whites.
(Blacks didn't get this utopian largesse.)
The 50s were great for people for whom the 50s were great.