Lyndon B. Johnson's Plan For Economic Democracy In The United States

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Democracy in the United States Democracy in the United States Democracy is a form of government that legitimizes the people's power to make collective decisions regarding public interests. Its fundamental principles are based on political, social, and economic equality to ensure that all citizens have a say. Economic democracy, which envisions a more sustainable and humane economy that serves the common good, is one of the three basic principles of democracy, as its flexible and evolving concept can be adapted to various contexts and circumstances. One of the most pressing challenges facing modern American presidents is to safeguard and promote the economic democracy of the nation. Based on this definition, it can be argued that Franklin D. …show more content…
Lyndon's progressive stance on economic democracy was considered disproportionate, as it led the federal government to adopt a culture of dependence rather than self-reliance among the American population. President Lyndon B. Johnson's decision to escalate the Vietnam War had a significant impact on his plan for economic democracy. The increased government spending to fund the war led to inflation and a secondary recession. This resulted in the Great Society's domestic programs struggling to receive the necessary funding, which was designed to promote individual prosperity. The country's finances were strained due to the high cost of the war, leading to a decrease in the resources available for economic growth and equality. The hypocrisy of Johnson's previous stance on the US not intervening in foreign land issues is now evident in his decision to intervene in the Vietnam War. In his speech at Johns Hopkins University, he expresses where humanity should stand as the Vietnam War rages …show more content…
His honesty about the uncertain nature of the economy is startling because it is a major step away from the usual confidence displayed by government officials. He reveals the hope the Reagan administration had for economic stimulation is being underscored by the unpredictable nature of their strategies. This is a representation of the criticism of Reagan’s economic policies as relying on tax cuts is ineffective as a means of simulating American economic growth and democracy. President Ronald Reagan’s strong stance against communism was seen through his foreign policies. His engagement in foreign relations and defense policies to contain the spread of communism led to a significant increase in military spending which contributed to an estimated triple increase in the national debt. His aggressive intent to strengthen our military drew criticism from his opponents. This was seen in the administration’s involvement in international affairs, such as the Iran-Contra affair and the secret talks with the Soviet Union. The result of the Iran-Contra affair resulted in a global embarrassment and an overstep of power, but the talks with the Soviet Union led to other
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