Charles Brown wrote: > What's your thought on the idea that the business cycle can't be reformed > away ? [Your] opinion and your opinion on Marx's opinion [on] that ?<
I think Marx was right that as long as we have capitalism, there will be business cycles of some sort -- or the problem will be shifted in some way (to cause inflation, at the expense of another country, etc.) Social-democratic or Keynesian management of an economy doesn't change the underlying problems of capitalism, though it might lead to a period of apparent stability. Even if it does stabilize, the incentive for capitalists is to undermine and/or get around that kind of management, eventually destroying it. I don't have time to explain why I think that's true. -- Jim Devine / "Disbelief in magic can force a poor soul into believing in government and business." -- Tom Robbins _______________________________________________ pen-l mailing list [email protected] https://lists.csuchico.edu/mailman/listinfo/pen-l
