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Pinboard

@Pinboard

The light inside is broken, but I still work. The Cadillac of online bookmarking sites. Alleged nocoiner. http://pinboard.in  maciej@ceglowski.com +1 415 610 0231

Lonely street of broken dreams
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    1. Erik Loomis‏ @ErikLoomis 17 May 2018

      This Day in Labor History: May 17, 1933. Rep. Robert Houghton, a North Carolina Democrat, introduced H.R. 5755 into the House. This became the National Industrial Recovery Act, FDR's first big fix attempt for the economy. Let's talk about labor, capitalism, and the early New Deal

      1 reply 11 retweets 22 likes
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    2. Erik Loomis‏ @ErikLoomis 17 May 2018

      From the beginning, the NIRA was intended to stabilize the economy by reducing the ruinous competition between businesses in many industries, leading to no one making money.

      1 reply 0 retweets 3 likes
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    3. Erik Loomis‏ @ErikLoomis 17 May 2018

      Thus, the Roosevelt administration worked closely with many major corporate leaders who saw how this could work to their advantage. In fact, many New Deal programs tended to promote an oligarchical capitalism of a few companies dominating each industry.

      1 reply 1 retweet 2 likes
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    4. Erik Loomis‏ @ErikLoomis 17 May 2018

      The Chamber of Commerce was behind the NIRA, as were leading capitalists such as Gerald Swope of General Electric and Charles Schwab of Bethlehem Steel. In fact, an underplayed part of the whole New Deal is how it was quite pro-monopoly capitalism.

      1 reply 1 retweet 4 likes
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    5. Erik Loomis‏ @ErikLoomis 17 May 2018

      Everyone talks about FDR's "I welcome their hatred" speech, but FDR was very cool with monopoly capitalism. Small business usually hated him more than most of the big corporations because his centralization and anti-competition policies undermined them much more.

      1 reply 0 retweets 6 likes
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    6. Erik Loomis‏ @ErikLoomis 17 May 2018

      The monopoly aspects to the NIRA did lead to opposition in the Senate from people such as George Norris and Hugo Black but it passed and Roosevelt signed it on June 16.

      1 reply 0 retweets 4 likes
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    7. Erik Loomis‏ @ErikLoomis 17 May 2018

      The NIRA created the National Recovery Administration and the Public Works Administration. General Hugh Johnson was placed in charge of the NRA and Harold Ickes the PWA. The NRA would be more important in terms of implementing the act.

      1 reply 1 retweet 5 likes
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    8. Erik Loomis‏ @ErikLoomis 17 May 2018

      The Blue Eagle was created as the NRA’s symbol, with compliant companies getting the official seal of approval. It's a great symbol. Even though the NRA was mostly a disaster, were I to get a tattoo, which I never would ever, it might be a Blue Eagle.pic.twitter.com/p7FZHEBwp7

      2 replies 0 retweets 5 likes
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      Pinboard‏ @Pinboard 17 May 2018
      Replying to @ErikLoomis

      It's kind of fascisty to my eyes, honestly.

      9:37 AM - 17 May 2018
      1 reply 0 retweets 0 likes
        1. Erik Loomis‏ @ErikLoomis 17 May 2018
          Replying to @Pinboard

          Everyone was influenced by the same graphic artists, no matter where they were working. World War I propaganda also looks basically the same, whether American, German, Russian, French, or British.

          0 replies 0 retweets 0 likes
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