First published at 14:13 UTC on July 2nd, 2018.
The New Deal was an era of Social Democracy. It ended the market-based society that created third world living standards of vast poverty for most and vast wealth for a few.
The New Deal policies created a vast middle-class, suburbia, weekends, vac…
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The New Deal was an era of Social Democracy. It ended the market-based society that created third world living standards of vast poverty for most and vast wealth for a few.
The New Deal policies created a vast middle-class, suburbia, weekends, vacations, 40-hour work weeks, savings and the ability to invest in a home and pass on that investment to our children. Well, unfortunately only for white Americans.
Prior to this Socially Democratic era, slave wages, and 6-7 day work weeks were the norm. As these policies have been stripped, the countries that have returned to market-based societies all show the same signs of a return to pre-New Deal living standards. The ones who have held on to Social Democracy are still experiencing high living standards and a high middle-class.
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