I agree with David Brin on this one: Norman Spinrad offers a choice tirade, that places him somewhat to my left… but still very rational and with a fascinating perspective. Give it a read… but here are a couple of excerpts: “Indeed arguably creating the very mass American middle class that the so-called Great Recession began the process of destroying, FDR was no flaming socialist but the wealthy scion of a great establishment family. FDR saved American capitalism and the American market economy from its own greed and assholery by forging a social contract, a pragmatic deal, that became the engine of the post World War II American economic prosperity, the so-called “American Dream” which began to be dismantled by the Great Recession, a crisis which is being morphed by the economic elite and power structure into a permanent condition called “the New Normal.”” normanspinradatlarge.blogspot/…/the-abnormal-new… …and… “To work in the long run even for the rich and super-rich, a market economy must have a large and relatively prosperous middle class. That’s what the New Deal created, or arguably rescued, from the ruins of the Great Depression. The vast majority of people must have enough money to at least consume the goods and services that they produce or the economy will slide down the black hole. “That in essence is the unwritten social contract of the American Dream and what made it economically viable. That is the real economy. That is what made America great. But that balance is what the New Normal is threatening. The real economy that both supports a prosperous middle class and thereby creates demand for the goods and services that it produces has become overshadowed and disrupted by a virtual economy, a casino economy, that produces nothing of real economic and social value, an economic vampire bat that produces nothing but profit for itself.” While I may be somewhat more “AdamSmithian” than Norman, ihe is far from a raving socialist! He wants flat-open-fair capitalism — emphasizing true entrepreneurial offering of innovative goods and services that can be afforded by a prosperous middle class — to work. He speaks up for the man our parents and grandparents in the Greatest Generation admired and adored above all other humans… and the man whom Fox would have you equate with Satan. Perhaps we need a Roosevelt.
Posted on: Wed, 24 Dec 2014 20:40:09 +0000
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