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Unless someone emerges with the stature of an FDR I fear that the only way out of our current situation will be by going through a collapse. But alternatives are available. The USA in WWII gave the lie to the myth that government cannot do anything right. Had the US Government not directed the economy to produce the necessary goods and services we could not have prevailed.

The myth that the rich should not be taxed so that they can invest their wealth in creating jobs died in the 1970s in the USA. But, through propaganda and the spell it has woven, most people think it is still true. And the government has within its power the ability to raise minimum wages and to require businesses to pay for medical care and retirement.

The USA and Australia, to name two countries, could be substantially self sufficient should they choose to direct their economies to that end, as could the European Union, could it just see itself as one multinational union working together for the common good instead of as many nationalities with some prospering at the expense of the others.

"It is not necessary to have hope in order to persevere."

by ARGeezer (ARGeezer a in a circle eurotrib daught com) on Sat Aug 20th, 2011 at 11:48:22 PM EST
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