In the event of an actual crash, a lot of these “nevers” will get re-evaluated. The New Deal consisted of a lot of “nevers” that all got passed because people didn’t want a repeat of the first Great Depression; I’d expect a similar snap-back after the second Gilded Age finally burns itself out.
I mean that’s hopeful, but remember that the New Deal also came against the backdrop of the height of socialism in the West and the labor rights movement. Modern Americans don’t have the organizational strength to make such a compromise attractive in the eye of the ruling class, and they don’t seem intent on ever having it.
People in big wealthy countries underestimate how far those nations can fall.
Argentina was the 5th richest country in the World at one point, and look at them now.
The higher you are, the more you can fall before hitting a new stable state: just look at those places which were once great imperial nations like Greece, Iran, Turkey or Egypt. I mean, most of the Middle East was once the seat of some great nation or other and look at them now.
The US going all the way down to the level of wealth per capita of, say, Russia, is a distinct possibility, if the structural elements which supported its high economic output start breaking (so, things like Education, the productivity of its companies and the belief of outsiders that investing in America is safe and has a good ROI, all things getting worse) and the higher a nation is in that scale the more such structural supports are required to keep it there (for example, not other developed nations don’t relly on their currency being the World’s Reserve Currency to prop-up its public finances), so the harder it is to stay there.
The new deal though is not a good deal lmao. It will literally make the rich gen richer and poor get poorer. Like I’m middle class American but still rely on summer and after school programs for my kids. What am I supposed to do when that goes away? Magically afford a daycare? Or is my 10yr or 6yr old supposed to get a job?
They’re not talking about a new deal as in a new status quo after this whole mess; they’re talking about the New Deal and are hoping for more of that.
TL;DR for the article: Pretty much all federal social welfare programs and worker rights in America were established as part of the New Deal. Think if Bernie became president with a cooperative Congress.
When I was a high school student, the New Deal was a topic that was covered with great fanfare. It was as a part of the Early 20th-century unit that led up to the second World War. I partially remember because I was a deluded right-winger at the time and thought it was ridiculous that they were making such a big deal out of a government handout program.
You misunderstand me, as the other comment notes. I’m talking about actual change: “The New Deal,” capitalized: the relief, reform, and recovery of the 1930s, not “the new deal,” lowercase, that they just passed.
Trump just passed a huge cut it he 21s CCLC down to $0… This stops all funding to after school and summer learning programs. I just got an email from. The center my kids go to saying they might have to close because they didn’t get their July 1st budget payments…
In the event of an actual crash, a lot of these “nevers” will get re-evaluated. The New Deal consisted of a lot of “nevers” that all got passed because people didn’t want a repeat of the first Great Depression; I’d expect a similar snap-back after the second Gilded Age finally burns itself out.
I mean that’s hopeful, but remember that the New Deal also came against the backdrop of the height of socialism in the West and the labor rights movement. Modern Americans don’t have the organizational strength to make such a compromise attractive in the eye of the ruling class, and they don’t seem intent on ever having it.
Historically, humans don’t just suffer in silence for more than a couple of generations.
People in big wealthy countries underestimate how far those nations can fall.
Argentina was the 5th richest country in the World at one point, and look at them now.
The higher you are, the more you can fall before hitting a new stable state: just look at those places which were once great imperial nations like Greece, Iran, Turkey or Egypt. I mean, most of the Middle East was once the seat of some great nation or other and look at them now.
The US going all the way down to the level of wealth per capita of, say, Russia, is a distinct possibility, if the structural elements which supported its high economic output start breaking (so, things like Education, the productivity of its companies and the belief of outsiders that investing in America is safe and has a good ROI, all things getting worse) and the higher a nation is in that scale the more such structural supports are required to keep it there (for example, not other developed nations don’t relly on their currency being the World’s Reserve Currency to prop-up its public finances), so the harder it is to stay there.
Would pointing out places like North Korea and Turkmenistan be overkill here?
Guess so…
I hope you’re right.
Well, it’s either that or American Revolution II: Electric Boogaloo, so I hope so too.
The new deal though is not a good deal lmao. It will literally make the rich gen richer and poor get poorer. Like I’m middle class American but still rely on summer and after school programs for my kids. What am I supposed to do when that goes away? Magically afford a daycare? Or is my 10yr or 6yr old supposed to get a job?
They’re not talking about a new deal as in a new status quo after this whole mess; they’re talking about the New Deal and are hoping for more of that.
TL;DR for the article: Pretty much all federal social welfare programs and worker rights in America were established as part of the New Deal. Think if Bernie became president with a cooperative Congress.
Indeed. Yikes, our history education is in rough shape.
I mean something tells me that’s one topic that wouldn’t be appropriately covered in schools, but that’s just my guess.
When I was a high school student, the New Deal was a topic that was covered with great fanfare. It was as a part of the Early 20th-century unit that led up to the second World War. I partially remember because I was a deluded right-winger at the time and thought it was ridiculous that they were making such a big deal out of a government handout program.
You misunderstand me, as the other comment notes. I’m talking about actual change: “The New Deal,” capitalized: the relief, reform, and recovery of the 1930s, not “the new deal,” lowercase, that they just passed.
Why would a new deal get rid of after school programs? If would expand on them.
Yeah man they have started rolling back those regulations for child labor.
Trump just passed a huge cut it he 21s CCLC down to $0… This stops all funding to after school and summer learning programs. I just got an email from. The center my kids go to saying they might have to close because they didn’t get their July 1st budget payments…
… You don’t know what the New Deal was, do you?
Apparently not