Yep. Thirty miles of bad road. Thirty years of forestalling the inevitable. More a public relations triumph than anything else.
"Wages? We ain't got no wages. We don't need no wages! I don't have to show you any stinkin' wages!" http://illusionofprosperity.blogspot.com/2007/12/historical-real-hourly-wages.html On Wed, Oct 29, 2008 at 8:45 AM, Jim Devine <[EMAIL PROTECTED]> wrote: > Charles Brown wrote: >> Here's a novel idea. The current financial crisis is the long term crisis in >> US industry finally expressed, the financial super-structure finally >> reflecting the de-industrialization of the US, the Rust Belt, the >> auto,-steel-manufacturing crisis of the last 30 years; and Wall Street as US >> finance, not international finance. > >> Capitalism can run, but it can't hide from its own _Real_ American >> contradictions.< > > In so many words, that's what I've been saying: in desperate brevity, > without the development of a (financial) bubble economy, the US > economy would have stagnated (due to stagnant mass consumption). But > the bubble couldn't last. The fowl have come home to roost. > -- > Jim Devine / "Nobody told me there'd be days like these / Strange > days indeed -- most peculiar, mama." -- JL. > _______________________________________________ > pen-l mailing list > [email protected] > https://lists.csuchico.edu/mailman/listinfo/pen-l > -- Sandwichman _______________________________________________ pen-l mailing list [email protected] https://lists.csuchico.edu/mailman/listinfo/pen-l
