Hacker News new | ask | show | jobs
by effed3 598 days ago
https://en.wikipedia.org/wiki/New_Deal
2 comments

The global market has changed a lot since 1930s.

In the 30s, customers can't place orders on the order side of the ocean and have it the same week.

yes, and some changes are not for the best. But for the real big global market of resources, oil, gas, steel, energy, high-tech.. some ideas are still valid imho, of course to be adapted. And i notice that the lifes of 99.99% of us people has not even a fraction of the freedom of capitals and goods, and this is another side of the problem.
Looking at inflation-adjusted dollars or even fraction-of-GDP, Biden has spent more on stimulus and new investment programs than the entirety of the New Deal. So what gives? Maybe it’s not a capital problem.