‘Hometown democracy’, even farther from new realities facing ‘home town’ Americans from their own free-trade world.
Just too many layers of turnstile amateurs, and checks and balances. Urban problems tend to be addressed in a compartmentalized way.
Redev efforts have been called ‘laissez faire for the poor, welfare for the rich’. Property rights advocates favor a free market.
Hey, wait a minute, wasn’t the mortgage-bubble brought on by laissez faire global finance and real estate markets?
If you ask me, the bailout is gonna start looking more like ‘laissez faire for the poor, welfare for the rich,’ than most redev deals. That’s par for the course.
Anyway, I plan on getting my cut of that too: we still had a few Ginnie Maes; they were just too good to be true!
Modern ‘globalization’ began in about 1930. With the Cold War, or as some say, ‘The Long War’ supposedly ‘won,’ in 1990, (and American industry devastated by then), there were thought by some to be no excuse for continuing foreign subs.
However, a blinkered Cobdenist ‘peace through free trade’, as well as new cold war conflicts rationales are likely to continue to fuel decline and the economic appeasement of emerging or long standing competitors and enemies.
A new cold war, already on the near horizon, will be a renewed excuse for an executive branch, structurally and
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