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A comment on Japan to subsidize 100% of salaries at small companies. Parent comment

Re:Japan to subsidize 100% of salaries at small companies by nl on Sunday April 26, 2020 @03:31AM (#22985311)
Capitalism had always been a mix of pure capitalism and government intervention. In the US we see this in many sectors over long periods of time.

It's confronting now because a small amount of it is going to people instead of corporations where it isn't as visible.

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Re:Japan to subsidize 100% of salaries at small companies by Retric on Sunday April 26, 2020 @09:54AM (#22987149)
The US government was not giving companies handouts during the 1918 pandemic. The idea of these handouts are a very recent idea.
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Re:Japan to subsidize 100% of salaries at small companies by nl on Sunday April 26, 2020 @11:01AM (#22987616)
You are correct about 1918. That led to a recession in 1919 and 1920.

The lessons learned then led to the New Deal as a response to the crash of 1929, and that did include handouts.

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Re:Japan to subsidize 100% of salaries at small companies by Retric on Sunday April 26, 2020 @05:06PM (#22990258)
The timeline does not match up between the 1920 recession/depression and the 1918/1919 pandemic. The end of WWI was a much larger deal. https://en.wikipedia.org/wiki/Depression_of_1920–21

Try charting the pandemic here: https://en.wikipedia.org/wiki/Depression_of_1920–21#/media/F.... VS. https://en.wikipedia.org/wiki/Spanish_flu#/media/File:1918_s...

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Re:Japan to subsidize 100% of salaries at small companies by nl on Sunday April 26, 2020 @07:39PM (#22991333)
If you want to make that argument, fine - I don't think it's an important distinction.

The point is that we learned from that and reacted differently in 1929.

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