THE HINDRANCE TO A NEW DEAL TODAY
MODI GOVT STUCK WITH CLICHES ON INCENTIVISING CORPORATES
2020-07-11 09:32
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What had been only a suggestion by several prescient members of the capitalist establishment till now has become official policy, at least in Britain, where Prime Minister Boris Johnson has announced that his government will undertake public investment to stimulate the economy, as FD Roosevelt had done under the New Deal in the 1930s in the US. In fact, Johnson specifically referred to Roosevelt’s New Deal, and expressed his intention of increasing taxes on the rich if necessary. Amusingly, he prefaced his speech by the remark “I am not a Communist”.