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Economy |
The End of America's Grand Economic Bargain |
2013-01-15 |
h/t Gates of Vienna The "grand bargain" that has been the basis of the American economic system since 1913 is entering its end-game phase. What will replace the expiring order is unknown, but there are two substantially different substitutes that could emerge over the medium term. One is a return to the free market that existed before the institution of the progressive income tax and the Federal Reserve in 1913. This isn't likely, given the weakness and inability of so-called conservative "leaders" to communicate ideas effectively. The other is a form of financial repression resulting in the kind of fascistic state seen in Venezuela. This is the more likely scenario, given President Obama's mesmeric hold over the mainstream media, government employee unions and the burgeoning recipient class. |
Posted by:g(r)omgoru |
#1 As per FOX NEWS this AM, KRAUTHAMMER - argued SAY GOODBYE, AMERICA = AMERIKA, TO THE GOP. Again, GOP-Right + pro-US Globalists = Mensheviks, DemoLeft + anti-US Globalists = Bolsheviks, AND WE ALL KNOW WHAT HAPPENED TO THE MENSHEVIKS! Those Menshies that weren't removed from influence, gulagged or killed by 1925 were during Stalin's "Great Purges" of the 30's. [KATYN FOREST here]. versus * BHARAT RAKSHAK > [Foreign Policy] THE DISAPPEARED: EVEN THE SOVIET UNION EVENTUALLY ACKNOWLEDGED STALIN'S GREAT FAMINE, WHY DOES CHINA STILL HIDE EVIDENCE OF ITS OWN STARVATION UNDER MAO? |
Posted by: JosephMendiola 2013-01-15 23:32 |