PEN-L economists have been predicting that neo-liberal structures would lead to a crisis since 1848.
^^^ CB: And they were correct. There have been a whole lot of crises since 1848. ^^^ As someone who lives in Los Angeles, other than the self-promoters in the real estate industry, everybody I know knew we were in a real estate bubble, just like everybody I know knew we were in a tech bubble in the late 90s. How people acted on that knowledge is a topic for psychologists and the economic behaviorists. My point is that even if you are right that neo-liberal structures lead to the present crisis, neo-liberal structures are far better structured to get us out of the crisis as opposed to whatever happens to strike the fancy of Hank Paulson, or Ben Benarke, or Barney Frank, on any given day of the week, as they decide to spend money that does not belong to them. David Shemano ^^^ CB: What's your historical evidence that neo-liberal structures are better for getting out of the crisis than what strikes the fancy of the people you name ? This message has been scanned for malware by SurfControl plc. www.surfcontrol.com _______________________________________________ pen-l mailing list [email protected] https://lists.csuchico.edu/mailman/listinfo/pen-l
