Let's not forget that the policies of the late 1780s and the 1790s (the age of the robber barons) were a terrible time for the vast majority of Americans, and those policies led directly to crash after crash of the economy. There was a temporary respite when production picked up for WWI, but ultimately, the crash in the 1920s and the entire depression was a natural outgrowth of those policies.
Don't believe it when Musk says the pain will be short term. If Trump's big plan is to reinstitute the policies of the 1790s, where the rich got richer and the rest of Americans had no hope of ever getting beyond where they were, no chance at education, and absolutely no safety or other protections at work, then the pain won't be short term. The pain will be an economic crash disaster just like the one that followed the policies of the late 1700s.
People like Trump like to believe that they not only owe nothing to the rest of us, but that the rest of us are just here for them to use and toss away. What the depression really showed was that when the average people don't have enough, everyone, even the ultra rich, suffer.
Very good comment, except you're referring to the 1890s (not 1790s), the time of the "Gilded Age" & "robber barons" brought about by short-sighted policies pampering the very rich at the expense of the rest of the population, just like Trump & the Republicans' policies have done.
I guess Trump is serious when he says he wants to take America back to 1798.
Let's not forget that the policies of the late 1780s and the 1790s (the age of the robber barons) were a terrible time for the vast majority of Americans, and those policies led directly to crash after crash of the economy. There was a temporary respite when production picked up for WWI, but ultimately, the crash in the 1920s and the entire depression was a natural outgrowth of those policies.
Don't believe it when Musk says the pain will be short term. If Trump's big plan is to reinstitute the policies of the 1790s, where the rich got richer and the rest of Americans had no hope of ever getting beyond where they were, no chance at education, and absolutely no safety or other protections at work, then the pain won't be short term. The pain will be an economic crash disaster just like the one that followed the policies of the late 1700s.
People like Trump like to believe that they not only owe nothing to the rest of us, but that the rest of us are just here for them to use and toss away. What the depression really showed was that when the average people don't have enough, everyone, even the ultra rich, suffer.
Very good comment, except you're referring to the 1890s (not 1790s), the time of the "Gilded Age" & "robber barons" brought about by short-sighted policies pampering the very rich at the expense of the rest of the population, just like Trump & the Republicans' policies have done.