I take it you have fond memories of the 1930s.
More lies of the Global Trading and Financial Oligarchy. The Great Depression was not the result of protectionism or regulation.. it was a result of an unregulated banking industry with respect to deposit guarantees and capital requirements. Its onset was the result of speculation and debt and lack of any oversight with respect to stock market regulation.
The Great Depression as a decade long phenomenon was the result of a drying up of liquidity and credit.. by the LACK of government intervention, up to nationalization of the banking industry.. to provide it.
Roosevelt (along with his sidekick, Canadian PM Mackenzie King) for all his efforts to relieve the cruelty of the Great Depression.. did not or could not address this fundamental issue.. until the imminent war against Fascism forced him to start spending and open up the credit sources by fiat in the States.. which immediately alleviated the immobility the economy was entrenched in.
Essentially nothing has changed as the same 'Free' Market nonsense brought on the onset of the 2008 financial debacle.. to an economy already ravaged of its industrial vigour by Free Trade and Monetarism. We had a brief period of an economy managed for the greater productive good and an equitable sharing of wealth as a whole between 1945 and 1971 which has been systematically dismantled since with absolutely devastating results.
Things are NOT getting better. We can expect shock after shock until the whole cruddy Global Free Market collapses.. likely into a World War. What solutions are being offered by the political establishment... only one.. AUSTERITY (along with tax breaks for the rich).. which will only augment the economic death spiral in which the world is caught.
posted by Capt. Morgan.
I disagree, and if you have ever shopped at Walmart or purchased
anything that was grown, produced or manufactured outside your
local community, then global capitalism has been successful for you
Walmart is a blight for the communities it enters. It destroys retail and manufacturing.. downtowns and civic culture.. leaving devastated townscapes filled with those forced to shop for its 'bargains' sourced from production in the slave colonies of the Maquilladora Free Trade zones. It is unsustainable.. morally or practically.
Ultimately if we don't produce anything as a country.. we will be unable to afford to shop even at Walmart (as many who now rely on Food Banks and second hand charity outlets have already found out).