Shadows
YaBB God
Posts: 4,956
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« on: April 17, 2017, 02:07:27 AM » |
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« edited: April 17, 2017, 02:38:24 AM by Shadows »
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There are remarkable similarities Similar tax rates, big business preventing progressive policies, domination of the financial elite, Stock Market crash & a recession, horribly inequitable growth, real struggle of the working class.
I believe people had the next FDR with Sanders, a once in a 100 year politician. FDR massively increased government & build infrastructure, initially cut military (before WWII began), introduced revolutionary concepts in the country like minimum wage & social security, helped unions get stronger with collective bargaining, created Securities & exchange commission, signed Glass Steagal, ended prohibition of alcohol & taxed it.
Sanders is in many ways paying homage somewhat to FDR's 2nd bill of rights guaranteeing education, healthcare, good jobs etc though he doesn't go as far as FDR & neither does he try to increase taxes that high. Universal Healthcare, Tuition free college, huge infrastructure, Modern Glass Steagal & breaking the banks, ending Citizens United, 15$ minimum wage, marijuana legalization seem core "new" New Deal policies !
FDR changed economic policies at a time when people didn't believe government had huge responsibility to the people, welfare wasn't a big thing & few believed higher taxes & spending can actually help people. Country after country would follow similar policies leading to the establishment of a New World Order. Reagan & Iron lady in UK did similar re-alignment & went in an opposite direction & the whole world essentially followed suit leading to a new era.
Both had a lot of economic papers, notable speakers supporting them. Keynes, the father of modern Macroneconomics proved statistically about the requirement of government intervention in times of depression & there were many economic papers & TV/Movie/Art supporting such a cause of a bigger government. Around or pre-Reagan, you had people like Milton Freedman, Ayn Rand about cutting government & taxes & welfare, stuff like "Greed is good" etc bringing a different re-alignment. Now you have Stiglitz, Piketty, Krugman, etc as famous economists arguing for a sharp left turn with brilliant economic work & even the IMF trashing Trickle Down. You have an aversion among people about big business & yearning for fundamental change !
Both FDR & Sanders are/were staunch anti-big banks, anti-big money/corporate- FDR's "I welcome the Hatred speech" is legendary - 2 New York born guys too! Remarkably uncanny!
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