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A New New Deal?
Do we see one as a result of this crisis?
Discuss.
Discuss.
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Blah -
Not enough bloodshed.
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Todays "leaders" lack the necessary vision. Too afraid of being called socialists or something."The purpose of studying economics is not to acquire a set of ready-made answers to economic questions, but to learn how to avoid being deceived by economists."
-Joan RobinsonComment
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It wouldn't help much as I don't see former $50K a year financial industry workers taking up contruction jobs, even if they pay similarly. The country could use the infrastructure work. I know my state, Illinois, has tons of roadwork projects just awaiting funding."The greatest happiness of life is the conviction that we are loved - loved for ourselves, or rather, loved in spite of ourselves."--Victor HugoComment
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Those guys were suppose to jump off the buildings.
I drank beer. I like beer. I still like beer. ... Do you like beer Senator?
- Justice Brett KavanaughComment
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Ok, so finance people would have trouble finding jobs. Meanwhile, maybe a whole bunch of poor people would suddenly find themselves with available jobs that paid decently. Then, when the economy turns around (which it eventually will in any case), those $50k/year finance people would find jobs. Trick up economics.Originally posted by Swissy
It wouldn't help much as I don't see former $50K a year financial industry workers taking up contruction jobs, even if they pay similarly. The country could use the infrastructure work. I know my state, Illinois, has tons of roadwork projects just awaiting funding.
I don't know if it would work... the economic effects of FDR's public works programs were unclear, IIRC. But, given that there does seem to be a need for infrastructure investment, I figure try it.
-Arriangrog want tank...Grog Want Tank... GROG WANT TANK!
The trick isn't to break some eggs to make an omelette, it's convincing the eggs to break themselves in order to aspire to omelettehood.Comment
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The Masters would rather die than allow it.
It will be a Nu Deal, much like NuLabour in Britain.Only feebs vote.Comment
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50K a year? What are they, working in a financial sweatshop?Originally posted by Swissy
It wouldn't help much as I don't see former $50K a year financial industry workers taking up contruction jobs12-17-10 Mohamed Bouazizi NEVER FORGET
Stadtluft Macht Frei
Killing it is the new killing it
Ultima Ratio RegumComment
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I don't think jobs paid decently in the Depression.Originally posted by Arrian
Ok, so finance people would have trouble finding jobs. Meanwhile, maybe a whole bunch of poor people would suddenly find themselves with available jobs that paid decently. Then, when the economy turns around (which it eventually will in any case), those $50k/year finance people would find jobs. Trick up economics.
I don't know if it would work... the economic effects of FDR's public works programs were unclear, IIRC. But, given that there does seem to be a need for infrastructure investment, I figure try it.
-ArrianI drank beer. I like beer. I still like beer. ... Do you like beer Senator?
- Justice Brett KavanaughComment
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There doesn't seem to be much stomach here in the States yet for a New New Deal, or even a serious roll-back of Reagan-era changes.
Maybe in other countries it is different.I came upon a barroom full of bad Salon pictures in which men with hats on the backs of their heads were wolfing food from a counter. It was the institution of the "free lunch" I had struck. You paid for a drink and got as much as you wanted to eat. For something less than a rupee a day a man can feed himself sumptuously in San Francisco, even though he be a bankrupt. Remember this if ever you are stranded in these parts. ~ Rudyard Kipling, 1891Comment
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New Deal? More like a JEW Deal! Amirite?Comment
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Modern societies are incapable of New Deal like planning. People just don't think like that any more.Originally posted by Arrian
Ok, so finance people would have trouble finding jobs. Meanwhile, maybe a whole bunch of poor people would suddenly find themselves with available jobs that paid decently. Then, when the economy turns around (which it eventually will in any case), those $50k/year finance people would find jobs. Trick up economics.
I don't know if it would work... the economic effects of FDR's public works programs were unclear, IIRC. But, given that there does seem to be a need for infrastructure investment, I figure try it.
-Arrian
Take 1970 as your cut off date and look at the public projects done before and after it. The ones done before 1970 have for the most part a sense of optimism about them, and a conviction that public works can improve people's lives. The ones after are for the most part postmodern or utilitarian crap.
I still find it astonishing that more or less the same people who organized the moon landings now whine and ***** about miniscule increases in taxation to fund schools and public works.
Postmodern citizens lack virtue in every conceivable sense. Predictably, none of the Polytubbies who worship Nietzsche seem to have realized we are living in the age of the last man.Only feebs vote.Comment
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Always the optimist. I hope you're right.There doesn't seem to be much stomach here in the States yet for a New New Deal, or even a serious roll-back of Reagan-era changes.Comment
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The room and board such jobs provided was more than enough for many WPA and CCC workers -- the small pay rather a bonus. Lots used it for cigarettes as half the population smoked at that time.Originally posted by Kidicious
I don't think jobs paid decently in the Depression.
We are still a ways from huge bread and soup lines, unions seizing plants to keep owners from closing them, in excess of 20% unemployment, and a significant rise in arrests for petty theft related to stealing food. These were all ongoing and concerning to the "powers that be" in 1932. Public and elite attitudes relating to the more "Socialist" aspects of the "New New Deal" will be more positive if that happens again. In the meantime, any proposal to create "make work" to improve the infrastructure will be labeled as "Communist." Congress won't touch something like that until the public gets desparate.No matter where you go, there you are. - Buckaroo Banzai
"I played it [Civilization] for three months and then realised I hadn't done any work. In the end, I had to delete all the saved files and smash the CD." Iain Banks, authorComment
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They did all sorts of weird stuff before Reagan. Have you heard of any recent serious push for price controls, for instance?Originally posted by Naked Gents Rut
Always the optimist. I hope you're right.I came upon a barroom full of bad Salon pictures in which men with hats on the backs of their heads were wolfing food from a counter. It was the institution of the "free lunch" I had struck. You paid for a drink and got as much as you wanted to eat. For something less than a rupee a day a man can feed himself sumptuously in San Francisco, even though he be a bankrupt. Remember this if ever you are stranded in these parts. ~ Rudyard Kipling, 1891Comment
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