Lessons from FDR's handling of the house crisis

[modestyblase]

 
Well, kind of, sort of, maybe.

[Plane]

Plane- Big Business requires its shareholders exercising their influence. More or Less customers really has far less influence than that of the wealthy ruling economically.

Medium sized business , becomes big, by competeing well ,a company that attracts more customers has an advantage over one that repells some of them.

[modestyblase]

Medium sized business , becomes big, by competeing well ,a company that attracts more customers has an advantage over one that repells some of them.

You're correct-if you are under the assumption that all Chanel boutiques desire to be Wal-Marts.

Mark Cuban once pointed out that he doesn't want his businesses to become too big-comparing business to supernovas, if I recall correctly. Operating under the assumption that all business wants to be giant is incorrect. Many businesses are quite happy(some overloaded)with "medium" pipelines.

[Plane]

Medium sized business , becomes big, by competeing well ,a company that attracts more customers has an advantage over one that repells some of them.

You're correct-if you are under the assumption that all Chanel boutiques desire to be Wal-Marts.

Mark Cuban once pointed out that he doesn't want his businesses to become too big-comparing business to supernovas, if I recall correctly. Operating under the assumption that all business wants to be giant is incorrect. Many businesses are quite happy(some overloaded)with "medium" pipelines.

Ok.
 I personally know the officers of a multinational business that avoids government contracts  , they just do not like the mil standard hassle, they have grown sufficient to their satisfaction even though their competition is getting all the government business in their feild.

So I know what you mean , but I don't think it applys across the board , in a feild some of the compeditors will desire growth and will cover a base of income not covered by the rest unless there is good reason not to.

There are still a lot of banks and some of them are definately still wanting to make loans.

[Kristen in NJ]

This thread seems to have gone cold -
but I think what the OP and the Wolff article are missing is that despite FDR's strong social policies, his goal was not social but economic. His first major goal was to stabilize the banking industry, which was necessary in order to spin capital back out to construction. Need money and people to live in the new homes in order for construction sector to increase employment and spin money back out into the economy.

The New Deal was largely about the accumulation and movement of capital...ithe alleviation off symptoms in the lower class (at this time there was NO middle class) was more of a necessary, but positive consequence

[Xavier_Onassis]

Doesn't big business need a stable base of consumers?   We're shrinking the middle class. The wealthy are very wealthy but they are fewer in number than the middle class/lower middle.

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The way they see it, the middle class is GROWING, since we are going global, and there are now almost as many middle class people in India as there are people in the US. The middle class in China is also growing a lot.

It doesn't matter whether the consumer is in Bangalore, Harbin or Piscataway anymore.
 

[Plane]

Doesn't big business need a stable base of consumers?   We're shrinking the middle class. The wealthy are very wealthy but they are fewer in number than the middle class/lower middle.

========================================
The way they see it, the middle class is GROWING, since we are going global, and there are now almost as many middle class people in India as there are people in the US. The middle class in China is also growing a lot.

It doesn't matter whether the consumer is in Bangalore, Harbin or Piscataway anymore.
 

It does matter if the product for sale is a house.