capitalism worked pretty well in the 40’s and 50’s, in the USA, and then the corporate leaders realized that they could be overlords if they just stopped caring about everything but money.
We know kindness and money can coexist, but if little boy jack is taught from day one that if you don’t game the system, you will lose, he’s going to grow up to be Elon Musk.
They knew they could be overlords and were that before The Great Depression too. We are just surpassing the level of wealth inequality that was reached prior to the system collapsing back then. What followed in the 40s and 50s was an abnormal period created by the imolementation of a significant number of socialist policies. These fuckers have been working to dismantle them. If we find a formula that allows for such reforms to stick for longer than several decades, that would be nice. There’s good reason for skepticism though.
Yep, lots of regulation, not necessarily even socialist stuff , some of it was just prudent financial system management.
Glass-Steagall for example and bretton-woods and stuff that limited limited power and sought to tame some animal spirits.
Were they really socialist policies? From what I know, which is hardly academic in nature, they were policies designed to stave off a potential revolution (or collapse). There was no real control on the part of the workers, just safeguards and promises of better treatment. Welfare is not necessarily socialist in nature, just something that occurs from socialist development because of workers looking out for each other. Having welfare given to you, without more direct involvement in how it’s dispensed, is less socialist than it is reactionary.
capitalism worked pretty well in the 40’s and 50’s, in the USA, and then the corporate leaders realized that they could be overlords if they just stopped caring about everything but money.
We know kindness and money can coexist, but if little boy jack is taught from day one that if you don’t game the system, you will lose, he’s going to grow up to be Elon Musk.
They knew they could be overlords and were that before The Great Depression too. We are just surpassing the level of wealth inequality that was reached prior to the system collapsing back then. What followed in the 40s and 50s was an abnormal period created by the imolementation of a significant number of socialist policies. These fuckers have been working to dismantle them. If we find a formula that allows for such reforms to stick for longer than several decades, that would be nice. There’s good reason for skepticism though.
Yep, lots of regulation, not necessarily even socialist stuff , some of it was just prudent financial system management. Glass-Steagall for example and bretton-woods and stuff that limited limited power and sought to tame some animal spirits.
Were they really socialist policies? From what I know, which is hardly academic in nature, they were policies designed to stave off a potential revolution (or collapse). There was no real control on the part of the workers, just safeguards and promises of better treatment. Welfare is not necessarily socialist in nature, just something that occurs from socialist development because of workers looking out for each other. Having welfare given to you, without more direct involvement in how it’s dispensed, is less socialist than it is reactionary.