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New Deal Quotes

New Deal quote from classy quote

Both political parties have moved to the right during the neoliberal period. Today’s New Democrats are pretty much what used to be called “moderate Republicans.” The “political revolution” that Bernie Sanders called for, rightly, would not have greatly surprised Dwight Eisenhower.The fate of the minimum wage illustrates what has been happening. Through the periods of high and egalitarian growth in the ‘50s and ‘60s, the minimum wage—which sets a floor for other wages—tracked productivity. That ended with the onset of neoliberal doctrine. Since then, the minimum wage has stagnated (in real value). Had it continued as before, it would probably be close to $20 per hour. Today, it is considered a political revolution to raise it to $15.

~ Noam Chomsky

Noam Chomsky America Big Business Business Capitalism Conservative Democrat Economic Growth Economics Economy Eisenhower Entrepreneurs Entrepreneurship Europe European Growth Labor Labor Rights Liberal Minimum Wage Money Neoliberalism New Deal Political Politics Radical Republican Revolution United States United States Of America Workers

The failure of the roman system to furnish decent minimal standards for the mass of people was a fundamental cause of instability, both political and economic.

~ H.j. Haskell

H.j. Haskell Ancient Rome Economics New Deal

To cut 1930s jobless, FDR taxed corps and rich. Govt used money to hire many millions. Worked then; would now again. Why no debate on that?

~ Richard D. Wolff

Richard D. Wolff 1930S 2012 Economics Franklin D Roosevelt Great Depression Great Recession New Deal Taxation Twitter
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