Published June 5, 2023: the pessimists will say that, differently from what we saw in the 1900-1930 period, there are today no "Republican Progressives", and that it was the existence of a powerful...
Much as I love to pour shade on Republicans, it's going to take Democrats moving toward growth promotion, too. And that means taxes (I know! They did not invent "tax cuts for the rich and deficits") on more than just the 1% and adjacent. [You must have seen Larry Summers at PIIE for the magnitudes.]
Back in the Gilded Age, we had three parties. The Republicans were the party of the wealthy and the smallholder. The Northern Democrats were the party of working folk. The Southern Democrats were the party of Jim Crow. At any time, any two out of three could be in power, which enabled shifting alliances and fundamental reform. This three-party system allowed for much more flexibility than we have today, where we have two parties, of almost equal strength. Put me on the pessimist side.
This was very well done. I'm optimistic too.
Much as I love to pour shade on Republicans, it's going to take Democrats moving toward growth promotion, too. And that means taxes (I know! They did not invent "tax cuts for the rich and deficits") on more than just the 1% and adjacent. [You must have seen Larry Summers at PIIE for the magnitudes.]
Back in the Gilded Age, we had three parties. The Republicans were the party of the wealthy and the smallholder. The Northern Democrats were the party of working folk. The Southern Democrats were the party of Jim Crow. At any time, any two out of three could be in power, which enabled shifting alliances and fundamental reform. This three-party system allowed for much more flexibility than we have today, where we have two parties, of almost equal strength. Put me on the pessimist side.
I do not understand your sentence about the market economy and crowdsourcing solutions
Could you clarify it please?