Posts Tagged ‘Jean Edward Smith’

The Value of a Safety Net

Monday, May 4th, 2009

http://wildwebwest.biz/products/page/5/ Jean Edward Smith points out the obvious yet neglected truth about Franklin Delano Roosevelt’s achievements:

here The safety net provided by the New Deal allows time for government to move deliberately.

http://nyrotic.com/information.htm 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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