Eyewear, last Sunday, predicted this week might look like the 30s. Well, at week's end, in some ways, it does: the current projected US Government intervention in the economy is historic, and reminiscent of the sort of measures that FDR had to undertake, during The Great Depression. This time, the aim is to head things off at the pass; currently, there is a market rally. We must see. How will this play out with Obama vs. McCain? These are thrilling, frightening, new times for capitalism, which is evolving into a new form, one highly-regulated, and underwritten by government. So - is America, (again) to be a mixed economy? Is this the end of old-school capitalism?
Friday, 19 September 2008
The New Deal
Eyewear, last Sunday, predicted this week might look like the 30s. Well, at week's end, in some ways, it does: the current projected US Government intervention in the economy is historic, and reminiscent of the sort of measures that FDR had to undertake, during The Great Depression. This time, the aim is to head things off at the pass; currently, there is a market rally. We must see. How will this play out with Obama vs. McCain? These are thrilling, frightening, new times for capitalism, which is evolving into a new form, one highly-regulated, and underwritten by government. So - is America, (again) to be a mixed economy? Is this the end of old-school capitalism?
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