The first part of that statement is true - autocratic control will only go one way… But your American friends certainly helped them along the way, mate… It would be very dangerous to ignore their intervention… They have a whole history of intervention and murder in Latin America which is largely glossed over. They backed Noreiga and Pinochet when it suited them and all in the name of capitalsim…
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The irony or tragedy of the situation in the US and the U.K. Is that the nirvana that people supposedly pine for, the 1950s, was created by old school socialist state intervention.
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Exactly mate US tax rates far higher then and the gap between the 1% and the rest was much smaller
A man is as happy as his loaf of bread is fresh.
Lolz. I presume this is the New Deal you are referring to. The New Deal worked in many ways and didn’t work in others. In some ways it was successful (initial high growth) and in some ways it was disastrous (the economy fell off a cliff again in 1938 and unemployment rate was 10% - 18.5% through his whole presidency until conscription kicked in after Pearl Harbour). Nothing was as bad as 1933 again but realistically it was never going to continue like that. There was some interesting tinkering in the 30s but he did not fix the economy.
What really led to the US bounceback was World War II. Now some of you might say well done to FDR for tooling up and making it possible for the US to enjoy these benefits, which is rather ironic for the stop the war crew.
As for this meme about taxes in the 50s being so much higher, there were so many loopholes that only morons paid those rates. The US took more in tax during Reagan’s Presidency as a % of GDP. When JFK cut taxes when he got in, tax revenue went up.
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headshot in fairness
What sort of idiot starts a reply with lolz? What are you ? 12?
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Lolz headshot
It’s lolzers or nothing, gents.
Good fact based rebuttal.
It wasn’t a rebuttal it was an observation.
It’s a shame you keep your observation only for an opinion you disagree when you don’t want to debate.
You’ve decided I don’t want to debate?
Alot of immature poster here trying to talk about a critical subject.
That’s what your post indicates.
@Tim_Riggins gets very stroppy if you don’t give his posts the respect he thinks they deserve. Of course most of his posts are just pure shite and not worth engaging with at all so the he gets awful worked up altogether.
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But state intervention is bad @Fagan_ODowd, this is a widely believed fact, sure it’s repeated so often by our thick wannabe yank pal that it must surely be true. “Big government” is bad. It limits personal freedom. Our pal says it all the time so therefore it is true. This is despite all research concluding that increased government intervention results in greater personal freedom. This research should be disregarded because policy should be based on personal opinion rather than on evidence.
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Except you pick and choose when to engage.
As you’ve illustrated above here when engaging others, you refuse to actually engage with points when you cannot debate. Your posts consist of single word responses.
Right here you are reading all my posts and decide to jump in when you have a bit of cover from another poster. It makes me happy to know that you’re reading along but can’t muster anything of substance to back up your beliefs.
Both socialism and capitalism have failed, mainly because of men. The basic ideals of socialism trump those of capitalism though
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Here we go. Finally something of substance, cloaked in some abuse for a poster.
I never said that state intervention was always bad. I just pointed out some facts on the 1930s, 40s and the bounce back in the US. It was World War II and getting 12 million off the unemployment line and into the army and navy that cut unemployment to manageable levels.
FDR did some interesting things, but much of it was experimental. One day for example, FDR decided to raise the price of gold by 21 cents. Why? Because it was a lucky number, three times seven. 
I’m not against Keynesianism but some honest facts are needed here when discussing these matters.