Saturday, August 29, 2009

What's Old is New Again

Chicago Tribune.  Circa 1936  (click the pic to see full size)

Some amazing parallels here.  And some surprising ones.

It's the same government debt orgy as today only they didn't have anywhere near the national debt we have going into it.  So although their fear of  "depleting the resources of the soundest government in the world" was real, it's far more achievable today.

Both periods involved a push by the government toward central planning and huge new government programs.

Their communist threat was was largely external and required 70 years of dogged defense to overcome the threat.  Our fascist threat is very much internal and it remains to be seen if we can overcome it or how long it will take.

Plus ça change, plus c'est la même chose.

1 comment:

  1. Wow - very interesting comparison and commentary! I'm reminded of Rahm Emmanuel's comment about not letting a good crisis go to waste (straight out of Saul Alinsky's playbook!). I agree, definitely more achievable today. And very scary.