The Growth Imperative

2010. július 30. 15:59

Politically, this period could be akin to the late-1970s. Economic anxiety could produce good and bad ideological effusions.

2010. július 30. 15:59
„Our trading partners in Europe and Japan are stagnant or in peril. Banks in this country are not lending to small businesses and banks elsewhere have huge write-downs to endure. The psychological war between business and the Obama administration also is taking a toll. Business types think the administration is stuffed with clueless professors. Some administration officials think corporate honchos are free-market hypocrites prowling for corporate welfare.

What we have is not just a cycle but a condition. We could look back on the period between 1980 and 2006 as the long boom and the period between 2007 and 2014 or so as the nasty crawl.

Politically, this period could be akin to the late-1970s. Economic anxiety could produce good and bad ideological effusions. As the economy stutters, people will ask fundamental questions about the nature of our political-economic structures and come up with grand proposals to revive growth. The electorate could shift in ways hard to imagine.”
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