[postingpals]

For those that are inevitably about to argue and downvote the above... It seems the economy is returning, smartly, towards keynesian models because we've seen first hand how destructive the past 50 years of austerity and free market economics has become. Its clear to me that we need to have a strong government to save the economy from market failures, including but not limited to job guarantees echoing those of the new deal in the 30s. Don't have to be a marxist to see that.

[sul_tasto]

I agree that there were great policies established under the new deal. I would caution advocating for blanket rescuing of the economy from market failures, though. The recent stimulus provided by the US congress to the airline industry is a perfect example of executives taking advantage of taxpayers. I would also push back against the idea that the last 50 years have been destructive economically.

[postingpals]

An example of a market failure is climate change, or at least many market failures are contained within this problem. Are you suggesting the government take a hands off approach to that? At the end of the day the government is necessary to the functioning of capitalism, we need to help people out of poverty so that among other things the economy can actually improve. That's all I'm arguing for, and I think there is undeniable proof of it at this point.

[sul_tasto]

I completely agree with you on your point about climate change. I’m also not arguing for completely unregulated capitalism. I just think we need to be both smarter and more realistic about policy making. The 1% and corporations play both sides of the equation. At the same time, pulling down those who have been somewhat successful does nothing to fix poverty.

[sdfin]

Since central banks were created, there was no more a fully free market. (this video explains it, subtitles recommmended https://www.youtube.com/watch?v=lljmiLNoEtw )