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Confronted with a similar set of failures in the 1930s, the US opted for an AMerican version of "social democracy" via the New Deal --- which was transformed into military Keynesianism in the wake of World War II. What forced the ruling class to opt for a [limited] "capital-labor accord" and a pale version of European social democracy was the existence of an alternative on the left --- the Soviet planned economy. With that alternative discredited and gone, the only model alternative to the failed US "mixed economy" is some form of authoritarianism --- Will the ruling class make their piece with "strong man rule" --- if not with Trump than with a better salesman of "Trumpism"?? the next two elections may tell that tale .... Nothing new here but worth reading as a reflection of the thinking of a > long-standing member of the liberal establishment. > > http://nymag.com/daily/intelligencer/2018/08/frank-rich- > 2008-financial-crisis-end-of-american-dream.html > _________________________________________________________ Full posting guidelines at: http://www.marxmail.org/sub.htm Set your options at: http://lists.csbs.utah.edu/options/marxism/archive%40mail-archive.com
