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"and will help the US economy grow in more sustainable ways going forward" how? capitalisms defining hallmark is a ten year cycle of boom/bust. the last solu
by nimbius 4y ago
"and will help the US economy grow in more sustainable ways going forward"
how? capitalisms defining hallmark is a ten year cycle of boom/bust. the last solution in 2020 was a bailout and forgiveness for virtually all commercial covid debts. prior to that it was a massive bailout and payout checks to taxpayers along with a scorched earth foreclosure wave. at some point the argument comes across as an alcoholic that repeatedly crashes cars and promises to learn and grow from it.
real wages are stagnant, homes are still unaffordable, rent is skyrocketing, healthcare now routinely sells insulin for $200 and everything from energy to food is still rising. ive a tough time believing corporate fraud is a silver lining.
- hedora 4y agoIn the US, all of the problems you mentioned (or analogous issues) were solved during the New Deal era, which set the stage for relative economic stability post-WWII. Most of the laws / institutions from that time were eliminated in the last 3-4 decades. Anyway, the solutions are well understood. Any decent US history textbook contains them.
- kortilla 4y agoThis is naive. Post WWII was a boom because the US economy basically got to rebuild the world since all of the other industries in other countries were destroyed by war. There was zero global competition and massive demand. Unless you’re suggesting we replicate another world war to wipe out most of the competition, looking to some stupid domestic post war policies won’t do jack shit.
- WalterBright 4y ago> a ten year cycle of boom/bust Free markets are a chaotic system, not a cyclical system. Every attempt at predicting markets based on cycles has failed.