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Re: A reminder about what socialism is, was 10 things NYC should do now that Amazon HQ2 deal is over

Posted by JayZeeBMT on Mon Feb 18 08:24:54 2019, in response to Re: A reminder about what socialism is, was 10 things NYC should do now that Amazon HQ2 deal is over, posted by Spider-Pig on Sun Feb 17 18:38:19 2019.

The government, however, had to sell war bonds to pay for the cost of that astonishing expansion of industrial production that turned the US into the first true superpower on Earth. The tax base as it was then, just wasn't enough to build all those ships, tanks, planes, weapons, and trucks, to say nothing of raising the armies and navies needed to prosecute the war. The Manhattan Project alone was stupendously expensive. Albeit with voluntary public investment, the whole gargantuan entrprise was a kind of socialism, if examined closely enough.

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