On Monday, April 27, 2009 at 18:18:44 (-0400) Max Sawicky writes: >... >Re: Johnson's argument, I conclude structural adjustment is how the >head gorilla keeps the others fetching its bananas.
Well put, Max. BTW, this is one of the sorts of thing I want to study and don't clearly understand now: structural adjustment I take to be equivalent to "austerity" programs (cut government spending), but I don't understand exactly how the wealthy benefit from it --- does not the government generally borrow from the wealthy rather than tax them, so how does low-growth (austerity) benefit them? Hold down inflation? Bah. I suppose this just illustrates how ignorant I am... Bill _______________________________________________ pen-l mailing list [email protected] https://lists.csuchico.edu/mailman/listinfo/pen-l
