Totalitarianism in Power (tags)
“Totalitarianism in power invariably replaces all first-rate talents, regardless of their sympathies, with those crackpots and fools whose lack of intelligence and creativity is still the best guarantee of their loyalty.” ― Hannah Arendt, The Origins of Totalitarianism
How Neoliberal Ideology Destabilized the World Balance: Krugman and Galbraith (tags)
"If the depression has not openly erupted, all the features of the 1930s are having a spectacular comeback." (Paul Krugman) To free the US from the claws of private interests, James Galbraith urges the public authority to set social and ecological norms.
In the US, people have lived above their means for years and now must permanently lower their living standard. In America as in Europe, economists expect a tremendous rise in unemployment in the fall. This does not mean people will shop more.
Lessons from the Great Depression: Christina D. Romer (tags)
This paper was presented at the Brookings Institution Washington D.C. March 9, 2009. Christina Romer, economics professor at Berkeley, is one of President Obama's economic advisers in the Council of Economic Advisers.
Mass Deportation to Mexico in 1930s Spurs Apology (tags)
It was 1931. The administration of President Herbert Hoover backed a policy that would deport hundreds of thousands of Mexican Americans, more than half of them United States citizens.
Bush seems to have learned the same thing as former president Reagan from the histori-cal experience of the 1930s.. What helps are tax cuts and cuts in social spending.