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"The alternatives [to the stimulus packages] were to do nothing or, worse, effectively replicate the Premiers' Plan of 1931 when governments cut expenditure, thereby compounding the problems created by a private sector already in retreat. The result, of course, was an economic rout, appalling unemployment and a decade of negligible growth through the 1930s"

— Kevin Rudd
kevin rudd Quotes Growth,1930s,Unemployment

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Actually, the phrase "national security" is barely used until the 1930s. And there's a reason. By then, the United States was beginning to become global. Before that the United States had been mostly a regional power - Britain was the biggest global power. After the Second World War, national security is everywhere, because we basically owned the world, so our security is threatened everywhere. Not just on our borders, but everywhere - so you have to have a thousand military bases around the world for "defense."

— Noam Chomsky

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So the political choice today is much like the 1930s, when the global economy also broke down. The choice is between nationalism and populism on the right, or socialism reviving what used to be left-wing politics.

— Michael Hudson

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