Posts Tagged ‘Jean Edward Smith’

The Value of a Safety Net

Monday, May 4th, 2009

buy priligy tablets online india Jean Edward Smith points out the obvious yet neglected truth about Franklin Delano Roosevelt’s achievements:

do i need a prescription to buy viagra online The safety net provided by the New Deal allows time for government to move deliberately.

This is one of the extraordinary things about the legacy of FDR – that even as the nature of the state itself has changed significantly since he was president, the institutions he created still serve some – if not the same purpose – as they did back then.

Today, the safety net created by Roosevelt is an essential stabilizing factor in our society – on the order of regular elections, a civil society, a judiciary, a balance of powers. 

The initial intention of these social safety net programs was consisent with the nation-states of the day, as they competed to see who could provide a minimal standard of living for various at risks groups – such as the elderly and the poor. But today it is far more useful as a stabilizing factor allowing businesses and government officials and individuals adequate time to respond appropriately to financial crises.

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