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View Diary: A surprising 1950s PSA about income inequality can teach us a lot (20 comments)

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  •  Great catch, thanks. (1+ / 0-)
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    OleHippieChick

    That guy reminds me of Lawrence Welk. Of course, the thing he doesn't talk much about, back in 1955, is that every other industrial economy was in ruins, bombed out rubble. It was not Capitalism that caused post-war US prosperity, it was geography.

    The free market is not the solution, the free market is the problem.

    by Azazello on Mon Jun 24, 2013 at 08:36:48 PM PDT

    •  Not entirely. In fact, not hardly (1+ / 0-)
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      Dirtandiron

      Australia, North America, South America, even Great Britain were all left unscathed (or in GB's case; relatively so) & the USSR, even with its war damage became a superpower along with the US.

      The "USA's wealth & power only happened because Europe was destroyed" is the excuse that anti-New Deal economists use to try to discredit the most powerful economic, industrial & technological engine the world has ever seen.

      Those who would sacrifice liberty for security deserve neither.

      by FrankRose on Tue Jun 25, 2013 at 06:38:24 AM PDT

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      •  Gee, maybe I've got my history wrong. (1+ / 0-)
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        Dirtandiron

        I'm not an anti-New Dealer at all but, if I'm not mistaken, the two largest non-US manufacturing and exporting countries of the late 20th Century were Japan and Germany.

        The free market is not the solution, the free market is the problem.

        by Azazello on Tue Jun 25, 2013 at 06:55:33 AM PDT

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        •  I wasn't accusing you of being an anti-New Dealer (1+ / 0-)
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          Azazello

          Sorry if it seemed so.

          I'm failing to see what are trying to illustrate with Japan and Germany.

          Those who would sacrifice liberty for security deserve neither.

          by FrankRose on Tue Jun 25, 2013 at 07:18:08 AM PDT

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          •  US economic success in the immediate (1+ / 0-)
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            FrankRose

            post-war period was mostly due to its being alone as a major manufacturer/exporter, that and self-sufficiency in oil.

            The free market is not the solution, the free market is the problem.

            by Azazello on Tue Jun 25, 2013 at 07:28:47 AM PDT

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            •  I disagree. (2+ / 0-)
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              Azazello, Dirtandiron

              Great Britain still had the oil fields of the MidEast & it's island didn't receive major damage. Yet they wilted in the post-war period.

              Australia, Brazil, Argentina were all unscathed & they didn't have a gain in economics nearly to the level the USA did.
              If the primary reason for the USs economic success was as a result of a vacuum then those & other nations should have gained immense wealth/power/industry as well.

              It also ignores the short-lived vacuum of those two nations; within a decade Germany & Japan were back on their feet.
              Yet the US's unparalleled successes in science, technology & economics continued for 30 years and placed the US flag on the moon.

              Those who would sacrifice liberty for security deserve neither.

              by FrankRose on Tue Jun 25, 2013 at 08:32:10 AM PDT

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              •  None of the countries you mentioned (1+ / 0-)
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                FrankRose

                were major industrial countries before the war. I've lived in the US all my life and I remember when Honda cars were a novelty and Mercedes and BMWs were rare. The brief post-war "Golden Age" began to fade as Japan and Germany rebuilt. Do you remember the oil shock in '73 ?

                The free market is not the solution, the free market is the problem.

                by Azazello on Tue Jun 25, 2013 at 09:03:57 AM PDT

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                •  Uh.....Great Britain certainly was, (1+ / 0-)
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                  Azazello

                  and Brazil has been "the next great power waiting to happen" for over a century.

                  Regardless, the fact that all those other nations didn't achieve nearly as much as the US is rather the point.
                  The policies of New Deal economics allowed the USA to outpace all other nations.

                  Those who would sacrifice liberty for security deserve neither.

                  by FrankRose on Tue Jun 25, 2013 at 09:35:36 AM PDT

                  [ Parent ]

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