This 'stimulus' regime will never succeed in reviving the tattered world economy. President Hoover tried the same thing in 1930. It failed then and it will fail now.
However, as a means of redistribution of wealth the results the program will be a spectacular and enduring success. What we are witnessing is the inevitable result of liberal republican democracy-- Socialism- wherein all increasingly scarce resources will be henceforth rationed. ‘From each in accord with his abilities and to each in regard to his needs’ is an idea whose time has now arrived.
And to those who mourn for the ‘productive’ sector of society it’s high time for them to accede to the truth that the real problem with the world economy is not[i] lack[/i] of production but rather meaningless and destructive production. Entropic resolve. The overwhelming majority of the world's workers are engaged in transforming the earth into a vast strip-mine dedicated to producing abject shit for the benefit of those whom FDR called the 'economic royalists.' The famous graffiti at the Sorbonne during the New
The foreshadowed New Revolution is quietly upon us. The Malthusian garrote, now tighted and drawn, has made it so.
Rage against the dying of the light.