Word: galbraithe
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...social tensions of the country. But in 1968 these tensions revealed a unique loss of confidence in the legitimacy of the coalition. The malaise, this politics of despond, goes beyond the macroeconomic and foreign policy headaches of recent years. By confining his essay to high-blown matters of state, Galbraith misses the depth and immediacy of the new alienation from government...
...Democrats need a whole new strategy of public control to stave off social disaster. At present, the urban crisis falls into a no man's land of divided municipal, state, and federal authorities. None of them are held responsible for the urban problem, and it is curious that Galbraith barely mentions the cities. The Democrats have failed to build a broad national constituency for urban programs. At the local level, faced with the defection of the suburbs and satellite towns, the cities suffer from a shrinking tax base and a slow loss of political power. They have been overrun with...
...follows, then, that the Democrats should carefully evaluate the federal-local relationship with more care than Galbraith gives it. But a more critical national priority deserves the notice of the party, especially if Democrats seriously hope to revive the New Deal coalition. Just as the American electorate balks at social revolution, it has an extremely high tolerance for liberal economic measures. Here is where the Democrats roll up their majorities. Galbraith should have warned the party to exploit this advantage to the full, chiefly with the issue of tax reform. The tax revolt of the laboring class, their dissatisfaction with...
...more value than private consumption, then the Democrats should launch a serious attack on the loopholes in the 1969 Tax Reform Act. They should even place the redistribution of income before their own Keynesian predilections for GNP growth through tax reductions. But only a few souls so far, notably Galbraith, have dared to proclaim the bankruptcy of the New Economics...
...government could have shifted the burden a little by creating more low and middle income housing for blacks and whites outside the existing corporate boundaries in the wealthier suburbs. (The suburbs vote Republican.) Instead, the Democrats permitted race to poison the party and leave a sordid mess which the Galbraith essay serenely ignores. But if the Democrats are to lead a moral revival in public policy, they had better pay their dues to their black constituents. In the War on Poverty, the Democrats simply tried to subsidize the black population rather than break up an apartheid economy. Housing and schooling...