4 ms·
I get what you're saying, but this is exactly the sort of stuff that makes me think "wow, this is never going to happen". You're talking about in a very small s
by 542458 11y ago
I get what you're saying, but this is exactly the sort of stuff that makes me think "wow, this is never going to happen". You're talking about in a very small span of time dismantling entire industries and a huge portion of both federal and state governments (shattering the value of billion-dollar companies, and temporarily putting millions of people out of their jobs) in order to implement an economic policy that has never been tested on a large scale in one of the world's most complicated economies.
I really don't see how a plan like that could ever work in a democracy. You'd make too many people mad. Even if it were to everybody's long-term benefit the moment the layoffs started people would petition their state governments, who would drop out or refuse to comply with the plan, grinding the whole thing to a halt. The political will to do such a thing just isn't possible IMHO.