A New "New Deal" as Rotten as the Old "New Deal"

H. L. Mencken had this to say about the original “New Deal."

The New Deal began, like the Salvation Army, by promising to save humanity. It ended, again like the Salvation Army, by running flop-houses and disturbing the peace.

I reference the above quote to Kenneth F. Scheve and Matthew J. Slaughter who have penned a piece for Foreign Affairs titled A New Deal for Globalization, which is summarized as follows.

Summary:  Globalization has brought huge overall benefits, but earnings for most U.S. workers—even those with college degrees—have been falling recently; inequality is greater now than at any other time in the last 70 years. Whatever the cause, the result has been a surge in protectionism. To save globalization, policymakers must spread its gains more widely. The best way to do that is by redistributing income.

Scheve’s and Slaughter’s essay utilizes 4,275 words to explain and justify their proposal for a new Rooseveltian salvation, but the above summary provides all one needs to understand that a measure such as this is not salvation, but rather a continued condemnation of individuals at the hands of the state.

Via Arts & Letters Daily.

Posted by on 06/19 at 01:51 PM

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