ask yourself why did US not become like Norway, despite having new deal until 19... | Hacker News

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bijowo1676 67 days ago | parent | context | favorite | on: The dead economy theory

ask yourself why did US not become like Norway, despite having new deal until 1970s?

is there something structural that prevents it from becoming Norway ??

adgjlsfhk1 66 days ago | [–]

Unwillingness to embrace socialism?

defrost 66 days ago | | [–]

Unwillingness to engage with social policy for fear of reds under the bed (ginned up by cynical self serving robber barons).

bijowo1676 66 days ago | | [–]

US did embrace socialism with New Deal, but went bankrupt in 1970s and had to get rid of the gold standard

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