If those who see the crisis as something other than the beginning of a New Depression are correct, then Krugman is correct. But if those, such as Patrick Bond, who see the crisis as much deeper are right, then Krugman is as far off or further off than those he criticizes.
During WW2, which ended the Depression, there was not only a huge increase in industrial production for war. There were also over 10milliion men and women in the military. And of curse there was a huge increase in government civilian employees. If we reallya re on the verge of something at all like the 1930s (and I have no opinion on this), then Krugman's proposals are ALSO pitifully inadequate. Carrol _______________________________________________ pen-l mailing list [email protected] https://lists.csuchico.edu/mailman/listinfo/pen-l
