Anthony Crosland Quotes
I am...wholeheartedly a Galbraith man.
In the midst of the Great Depression, Townsend had organized millions of Americans into “Townsend Clubs” to save money for their old age retirement. Townsend had proposed that the Government should run such a program where workers paid in every week and then all who were retired or disabled received $30 a week for like. Most economists of the time thought the Townsend old age pension plan unworkable: There was no national pension plan at the time. When Townsend together with two right wing religious extremists formed the Union Party, the one vulnerability that the Roosevelt Administration felt it had was the lack of an old-age pension plan. Within a few days, Roosevelt proposed a new plan of the New Deal to Congress. It was called Social Security. It passed in record time. See {616648} for Harry S Truman’s view of economists.
Reference to the British Economist John Maynard Keynes who advocated government action to manage the economy.
“it” was the then conservative Republican notion of providing tax cuts and other benefits to the wealthy.
Supply Side Economics was a new name for a long popular conservative economic theory advocated by Ronald Reagan and the Republicans. After the nation’s general experience (all but the wealthy) did not profit from the doctrine, the name “supply side” was dropped but the same ideology was brought back by George W, Bush with disastrous results. The middle class eroded and the Great Recession was produced. In the 2012 Presidential election Republican Mitt Romney, a wealthy businessman who had personally profited from the ideology in the past advocated the same ideology be adopted nationally again.
Charles Anthony Raven Crosland, known as Anthony Crosland, Tony Crosland or C. A. R. Crosland, was a British Labour Party politician and author.
