Economic Leadership as an Antidote to Fear

Colin Read
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Colin Read: SUNY College

Chapter 30 in The Fear Factor, 2009, pp 229-231 from Palgrave Macmillan

Abstract: Abstract When the global economy last faced the fears of a financial meltdown, it responded in the way that humans typically respond to fear. It blamed other countries and imposed trade barriers. Countries adopted Marxism, Fascism, and Totalitarianism in frustration with prevailing political systems. Capitalism was rescued only by the promise of Keynes and President Roosevelt that the economy could be reformed, albeit at a cost of much more government control. This contract with capitalism, through government spending and regulation, was unbroken until the deregulations that began when President Reagan unwound much of the New Deal policies.

Keywords: Government Spending; American People; Business Finance; Political Resistance; Economic Leadership (search for similar items in EconPapers)
Date: 2009
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-0-230-25086-4_31

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DOI: 10.1057/9780230250864_31

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