David McWilliams: I think it is fair to say that capitalism – in the course of this unprecedented crisis – has been suspended. We are not going back to where we were, to business as usual. The state has come back, and this episode will not be forgotten by the electorate. I don’t know where we are going, but one thing seems clear: we are not going back.
Source: ‘There is a Glimmer of Hope’: Economists on Coronavirus and Cpitalism | Portside
A federal job guarantee, like President Franklin Roosevelt’s in the 1940s, would create millions of jobs.
Source: The only way out of the COVID-19 economic crisis.
In May of 1941, a New Deal agency, the Bonneville Power Authority, paid an itinerant left-wing songwriter $266 for a month’s work. BPA officials hired Woodrow Wilson Guthrie because they were in an extended battle with the private interests who’d denounced as “a socialist boondoggle” the New Deal’s great public-power projects in the river valleys of the Tennessee and the Columbia. Maybe a few catchy jingles and folk songs would help tell the public-power story and humanize the BPA’s image.
Source: Dreamers With Shovels | Portside
Trying to pass off ‘socialism’ as social democracy may not work either: nothing is said here about the expropriation of private property/capital. It might in the end work better to be hones about the question, and not conceal the reality. The term has already resurfaced against the odds: we may as well declare the real meaning of the term and point out that social democracy/the New Deal were not socialist but that the real thing is starting to come to the fore
.. It doesn’t matter who the Democratic nominee for president is next year, they will be attacked for being “socialist.” It will be relentless and merciless. The problem is that none of the current
Source: Teaching Democrats to Talk About Socialism | Common Dreams Views
Climate change demands a much more ambitious plan than the Great Depression did. It even requires reversing some of FDR’s successes.
Source: The Green New Deal Can’t Be Anything Like the New Deal | The New Republic
On November 27th, I wrote an article on how FDR’s long-standing racism accounted for the detention of Japanese-Americans rather than security concerns fol
Source: Why World War II, Not the New Deal, Ended the Great Depression