Deliberative Dialogue
How much should government intervene in the economy, if at all?
Say What????
You've just seen how the market crashed in 1929, and the result was the Great Depression. Hoover believed in limited government intervention, and the stock market and banking system were unregulated. Stock prices plummeted, banks failed, large-scale unemployment ensued - general misery.
Roosevelt implemented a large variety of government programs, in an attempt to put people back to work so they could spend their money on goods and services, revitalize business and end the Depression. What actually ended the Depression in the US was World War 2 (the ultimate government intervention), but the New Deal certainly made a positive impact. |
Some of the younger Democrat representatives - Alexandria Ocasio-Cortez, for instance, and Bernie Sanders (not so young) - are calling for healthcare for all, free college for all, and a Green New Deal: a proposed stimulus program that aims to address climate change and economic inequality. Republicans are horrified: too much government intervention. Read about it here, and read about the criticism that followed here and here.
Our discussion prompt is going to be: How much should government intervene in the economy, if at all?
Our discussion prompt is going to be: How much should government intervene in the economy, if at all?
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