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The New Deal has such a ridiculous glorified position in the view of the left. Of course it was a total failure and thankfully rules unconstitutional. The US ha
by nickik 7y ago
The New Deal has such a ridiculous glorified position in the view of the left. Of course it was a total failure and thankfully rules unconstitutional. The US had the deepest Great Depression, deeper then countries that didn't do a 'New Deal'.
You can pin-point the start of the recovery to the leaving of the gold standard (literally in the month by month producing you see it jumping). It was actually the New Deal that stopped the bounce back.
The politicians behind the new deal saw the Great Depression as an opportunity for social revolution, not as an economic recovery program. It is no secret that many of the primary architects behind the New Deal were strongly inspired by early socialism and fascism.
Further I would say Noam Chomsky has absolutely zero credibly in any topic related to economics. He is a weirdo socialist and we could go down 3 levels deep of what type of socialist exactly he is, but needless to economics and political science would agree that his ideas are not practical. So why take a advice from him on this.
You don't need a 'New Deal' you need to apply your budget and countries strategy with the long run goals you have and make good investments. The New Deal was the exact opposite, it was the embodiment of 'lets throw shit on the wall and hope for the best' often doing massive damage in the process. Mass slaughtering of pigs and destruction of other foods being the most absurd examples of such idiocy. The Blue Eagle program might be the worst regulation ever passed in American history. The list goes on.
Depending on what exactly you want to achieve, their are far, far better solutions then having the government bureaucrats blow billions of 100s of billions on politicians pet projects. Its totally contrary to how good government contract is done.
Just as with the original New Deal this Green New Deal is not about achieving results. Its is about achieving social and governmental revolution along the principles that the authors believe in.