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.
Economically it’s a similar world in many ways. Every generation tends to believe that whatever we’re going through has never happened before, but archetypal patterns in history exist. What Jefferson called “the general tendency of the rich to prey upon the poor” is nothing new.
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MW is correct about the archetypal patterns that tend to repeat about every 80-100 years. It's well-documented in a popular, best-selling book titled "The Fourth Turning" (https://www.amazon.com/Fourth-Turning-American-Prophecy-Rendezvous/dp/0767900464 …). Perhaps try getting educated about that first.
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Adam Smith called it the vile maxim of the masters of mankind: everything for ourselves, nothing for anybody else.
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The Wealth Of Nations should be required reading.
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He also started our nuclear program. Oh, can't forget about the Chinese concentration camps. Tell both sides now
@marwilliamson...but I'm sure it was done with love. -
You mean Japanese?
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