Re: Re: Re: Nader

[Michael Perelman <michael@xxxxxxxxxxxxxxxxx>]

There were two lines in the New Deal.  The corporatists were not dominant
at first -- the Thurman Arnold, trust-busting line, was.  The idea was
that corporate power caused the Depression by keeping prices high and
curtailing output.

On Sun, Mar 31, 2002 at 02:29:55PM +0000, Justin Schwartz wrote:
>
> Actually the old New Deal (pre 1937) was opposed to competition and very
> much in favor of corporativist planning. The New Dealers were very impressed
> by the successes of the WWI War economy and the apparant successes of the
> USSR in those days in avoiding the ravages of the Great Depression, and if
> you read the histories of the period, they utterly rejected the invisible

--
Michael Perelman
Economics Department
California State University
Chico, CA 95929

Tel. 530-898-5321
E-Mail michael@xxxxxxxxxxxxxxxxx