Failure of the market economy. Millions out of work. Mass home foreclosures.
America has dealt with these before, says Howard Zinn in The Nation. FDR’s New Deal wasn’t perfect, but it was a crisis response that helped citizens as much as it propped up corporations. Version 2.0 could build on lessons learned from the Roosevelt edition. Zinn calls on Senators Clinton and Obama to propose a 21st century New Deal.
But perhaps the candidates want to wait until the U.S. has a wave of classic “runs on the bank,” like the recent one in Britain.
Photo: Dominic Alves
March 14, 2011 at 2:11 pm
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