Democratic Capitalism and Democratic Institutions

government borrowing spending: After the first world war the search for budget surpluses of the kind Mr Osborne now seeks destroyed national economies and world trade, brought ruin to millions and led to fascism, militarism and the second world war, according to The Guardian. After 1945, years of government borrowing and spending of the kind he deplores rebuilt democratic capitalism in western Europe, restored its democratic institutions and doubled standards of living by creating more wealth more equitably distributed. As someone born in the mid-1930s who grew up in the postwar period and spent his working life studying, teaching and writing about democratic capitalism, I wonder if policymakers know anything about modern history. All this rested on new notions of economic management. Yet like the Bourbons our leaders seem to have learned nothing and forgotten nothing. Their abandonment in the 1980s and 1990s to the siren call of Reaganomics ushered in the era of unregulated world finance capitalism that crashed and burned in 2007-08 and led to our current woes. (news.financializer.com). As reported in the news.