Book says post-war everybody was scared of depression/slump and big demob unemployment. To believe aggregate demand boom would persist into consumer economy was to be contrarian in 1946. Alfred Sloan was one. He turned out to be right.
-
-
Okay done. This book was fun and honest on economic and engineering side, but a bit lightweight and hagiographic/demonizing on the human side. Despite my strong sympathies I’d give it only a qualified “good enough for topic, not great; needs ideological caveats” recommendation.
Show this thread -
Thanks
@jamesgiammona for the recommendation. Scratched my itch to apply WW2 industrial mobilization story lessons to Covid reboot and climate action.Show this thread -
My takeaway in that front is... not optimistic. The US lacks the kind of economic guts that allowed this story to happen. Outside of parts of Silicon Valkey tech economy this spirit is basically missing. And SV does not dominate the YS as strongly as Detroit etc did in 1940s.
Show this thread -
Also an equally worrisome trio of red, blue, and green new-deal crowds is at work today, pushing the exact same sorts of bad thinking as in the 1930s, requiring the same kind of protection/interference to allow a recovery.
Show this thread -
Green New Deal: bad climate thinking inside huge big tent sjw bullshit and MMT package Red New Deal: Profiteering gangsterism under maga pretending 1950s rewind is possible. Blue New Deal: keep protecting financialization and unproductive predatory Wall Street denture elites
Show this thread -
A Freedom’s New Forge pretty much *has* to come out of Silicon Valley since there are no other candidate golden geese. But trends there are not promising either except for isolated pockets.
Show this thread -
New conversation -
Loading seems to be taking a while.
Twitter may be over capacity or experiencing a momentary hiccup. Try again or visit Twitter Status for more information.