04-15-2020, 05:10 PM
(04-15-2020, 01:19 PM)David Horn Wrote: So building something new will be possible, since reestablishing the old will be just as hard and much less beneficial to the majority.
One caveat: if the plutocrats are able to seize the initiative too early, a return to Gilded Age 2.0 is very possible. That they will seize the day at some point is inevitable. Let's hope it doesn't happen too soon.
This is a very insightful point, I think, and backed up by the apparent desperation of big business to restart the economy sooner than public health authorities consider wise. At the moment, public opinion is strongly in favor of social distancing and both parties are willing to back direct cash transfers to prevent utter calamity. How long will that last, and if the recession is as severe as many now expect, how will the welfare state look different at the end of the decade?