The agenda presented by the club secretary Mr. D. Brooke
Subjects presented in order with the secretary's recorded introduction
Introduction
Recorded Introduction:
Link to alternative site for immediate play [ Don's Intro. ASC Audio_30 10/16]
Audio_30 10/16
Present 1.
A long -- over a hour-- doco. intentionally to disparage the New Deal: a number of economic
implementations started by FDR in 1932 up till the start of WWII. Very much slanted by the
presenter and producer of this narration -- a essay by a economic professor. Now this
professor and the producer-presenter have one thing in common, both a advocates of Free
Market Capitalism. There was nothing in the way of setting a social background prior to
and after WWI that lead to the catastrophe called the Great Depression that began 1928/29.
Other than the US president during the 1920's till 1932 was a Republican and a free
marketer. So members were not told whether immigration after WWI or religious obedience to
a then current encyclical with other people of non-conformist attitudes propagating their kind as
well, indifferent to what consequence could result. Members' understand what happened, maybe as a consequence of this period, large families numerous before WWII though dwindling in siblings, being replaced per capita with lesser numbers than previous. So with omissions this well
produced -- great background footage -- dictation was nothing but didactic. We (members)
were to understand it was free market economics that caused a recession, that both
presidents H. Hoover and FDR took the US and the rest of the World to a greater, or less
intensity, into Depression. Members waited to about the 59th minute to be told by the
speaker, investment money was returning, pulling the country by virtue of free market
activity out of a list (incl. in sub-title) from further despoliation. No mention made of
lack of accommodation during the period apparently not significant; but noted the marvelous
production of vehicles, over 5 million in 1929, dwindled in subsequent years, truly
stupendous in a time of labour intensive manufacture. Initial over production and a
market's inability to sustain output. As recalling my history schooling this can be a
consequent of Capitalism ... but now 50 years circa. later, government intervention and
regulation makes things worse according to presentation assessment of history.
For me and members it was difficult to find fault with the New Deal initiatives, perhaps
poorly implemented (may be not) meaning the slowness to adjust had other cause(s)?!?! Even
a kind of postscript didn't resolve issues arising. As this doco. was produced since 2008
GFC and comparisons drawn with the earlier debacle: same FRB. and government action
comprehended current, as to that taken earlier. The difference, terminology used as
scripted (doco.), elsewhere QE making a number of well positioned recipients more wealthy.
As members, club secretary and recorded (hereby typing) understand, the American economy is
after 8 years back on its "feet", QE has been a great initiative and as a generalisation the
GFC was no way as damaging to the American people as the Great Depression et al.
Link to alternative site for immediate play of discussion following.
712_0200 10/16
Present 2.
Now this offering by Don has come up at least twice before and recorded. Yes the content very recent and concerning to all responsible people whether American or Australian people. Then again my recording of the presentation unsatisfactory to members, only they can set me straight; inviting their input.
Link to alternative site for immediate play of discussion following.
712_0201 10/16
CONCLUSION with a vote of thanks for the secretary evenings events.
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