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— Michael Hudson"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."
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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
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If there ever was a time for a cool, rational and unemotional series of responses on the part of people in Europe, it is now. One reason is that Russia's President Vladimir Putin and Trump are very similar: They are macho types, they are bullies - and they want the same thing: to weaken the EU, albeit for different reasons. Trump, for his part, is a protectionist of the first order, and he wants to make his vision work. He shows no interest in competition with others, but aims to go back to the 1930s.
— Anthony Glees
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