“Midlife Crisis Economics” by David Brooks (TIMES, 12/27/11)


     “The country needs a productive midlife crisis,” says David Brooks about how to end the debilitating depression that is gripping the United States.  This analogy to the human aging process is misleading.

     The progressive era is definitely a model,  whether we view the USA at the turn of the 20th century or during the New Deal period.  If capitalism is to survive, it cannot be left to the vicissitudes of a chaotic free market economy.

     A democratically elected neutral government has to mitigate the class struggle between business and labor, precisely what the Progressives and the New Dealers were advocating.  If not, the choices will be either a bourgeois dictatorship or a proletarian revolution.

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