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Reply #25: Well, that sure worked great during the Depression, didn't it? [View All]

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Home » Discuss » Archives » General Discussion: Presidential (Through Nov 2009) Donate to DU
TahitiNut Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Jan-28-06 11:28 PM
Response to Reply #11
25. Well, that sure worked great during the Depression, didn't it?
Edited on Sat Jan-28-06 11:30 PM by TahitiNut
There was no mandated minimum was until 1938 and the "New Deal." Such cartoonish 'theories,' based on mythical "invisible hands" and "market forces," hold no water in reality. If they held water, there'd be abundant evidence to support them ... and there isn't. When "market forces" come up against coercion, human misery, and survival in an economy where human misery is seen as an opportunity for some to profit immensely, we see the "market forces" of a banana republic. Compare the economic justice and vigor of the U.S. against Japan, Germany, France, Canada, Sweden, and Norway others with HALF the inequity in income distribution and we see what the absence of placing human needs above "market forces" buys. A plague of poverty. Infant mortality. Misery.





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