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    • Week-end Wrap – Political Economy – October 20, 2019
      by Tony Wikrent North Carolina Democratic Party Progressive Caucus Strategic Political Economy Economist Mariana Mazzucato has demonstrated that the real driver of innovation isn’t lone geniuses but state investment. [Wired, via The Big Picture 10-19-19] ….Mazzucato, an Italian-American economist who had spent decades researching the economics of innovation […]
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Podcast of the day: Witness- the birth of Medicare

It’s funny that the BBC frequently does American history better than, well, Americans. Recently, the BBC4 program, Witness, did a podcast on the Great Society and the birth of Medicare.

What I found interesting is that although LBJ was the president to sign the bill into law, the concept of Medicare was not a new one. It had been introduced into congress years earlier but had to wait until Democrats outnumbered Reoublicans by a ratio of roughly 2:1.

Think about that for a moment. In order to get the kinds of programs that theAmerican middle class actually likes, you have to reduce the number of Republicans in congress substantially. Conversely, when the number of Republicans reaches parity or exceeds it, these programs come under pressure for privatization and elimination.

This is a concept that escapes most voters who routinely vote for Republicans but who actually like liberal programs like Medicare and social security.

Check it out here: Witness- the Great Society and the birth of Medicare.

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