FDR didn’t just pull us out of the Depression. He fundamentally altered economic/banking/political rules so it wouldn’t happen again. Several decades ago we started dismantling some of the very protections that FDR created, so crony capitalists could party more. And here we are.
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If you want to protect your country from crony capitalist sabotage, you have to eliminate the CLASS that is pushing for said sabotage
What we need to do is return to a time when economic justice - through fair taxation, end to most corporate subsidies, etc. - functioned in a way that encouraged a strong middle class and discouraged the creation of the tiny economic and corporate aristocracy we have now.
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Maybe banning buybacks would help with that. Or taxing them if there is too much push back on completely eliminating them.
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It's a little late to be stumping for
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I just don’t think that’s possible as long as we’re a capitalist country. There will always be an ownership class, and it’ll be in their interest to warp the economy in their favor over everybody else
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What happens when we end up right back where we are now? Any progress in a system is doomed to be undone by that same capitalist class.
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Sadly, it doesn’t look like that will happen until at least 2024, assuming people actually wake up by then. I thought they were pretty woke now, guess I was wrong.
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Are you calling to revive the National Recovery Administration? or the Works Progress Administration?
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We could end all subsidies.
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