Melkor Unchained wrote:Parpolitic Citizens wrote:Because increasing employment did nothing. Because increasing the total amount of money in the hands of workers did nothing. Because more workers with more money buying things in a consumption based economy did nothing. Because we totally paid for WWII as the spending happened.
Well to be fair, just increasing employment doesn't always get anything done. I work in a shipping hub: we could increase employment if we got rid of all our conveyor belts, but it would be hard or impossible to pay a wage worth the work (which is hard enough already) and the company would collapse. Also, we weren't really much of a consumer based economy until after the things you describe took place.
This. The conveyor belts wouldn't be a capital negative investment, because it still inputs something beneficial into the equation.