America solved its 2008 crisis in a manner similar to the Nazis. In 1933, Germany was the only country that had almost wiped out unemployment and ended the 1929 crisis. That was done through massive government procurement, but more importantly by robbing workers. Germany banned trade unions and price bargaining, which eventually reduced real wages by a quarter. At the same time, workers had to work harder because the “labor books” made it impossible for them to get another job if their previous employer commented negatively. Through mild inflation and the quasi-obligatory purchase of bonds, the government robbed the working class of its savings. Small entrepreneurs also suffered, from high taxes and government regulation. At the same time, large corporations thrived on government orders, the lack of trade unions, and lower taxes.

In America, too, the crisis has been overcome at the expense of the working class. Massive government expenditures, including interest, will be repaid by taxes, which are primarily collected from the middle class. Working Americans covered the debts of mega-corporations and speculators. While the future tax burden was being shoveled onto the working class, corporate CEOs continued to receive sky-high bonuses. The working class’s meager savings were depreciated through an artificially low interest rate, well below actual inflation. The government prevented house prices from falling to save corporate mortgage holders, and working families had to overpay on their mortgages.

Government goodness always comes at the expense of the working class.