Quote:
Originally Posted by Willravel
I think there would be a more active response from the populace in the case of a full collapse this time around. Instead of scrounging for work, there would be a combination of exodus and massive protests.
The "New Deal" won't work again. The only way to avoid future collapses is economic reform of the kind that would blow most people's minds, such as no more debt and backed currency.
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Hmm... that's not my take on it at all. I don't think people took the Great Depression lying down. Not in the least. I think you're projecting today's passivity onto the past. How about that Bonus March? The 8 hour day? Sit down strikes? The Pullman strike? There was plenty of grassroots adaption/resistance, too. You can hear about some of this in Studs Terkel's
Hard Times.
To be sure, we have a different set of problems today. They will require a somewhat different set of solutions, but, as it turns out, the New Deal financial regulations were very good ideas. A "backed currency" is not. It's economic nonsense. What is gold worth? It's so-called intrinsic value is as imaginary as paper's. "No more debt" takes us back to the stone age -- and i mean that literally.