On Fri, Jan 22, 2010 at 3:03 PM, Jim Devine <[email protected]> wrote: > Volcker doesn't "take on" the financial class. Instead, he's telling > them what to do that's that will serve their own long-term > self-interests.
I don't buy this line of reasoning. A welfare state is in the long-term interests of the elites. Are you going to oppose a robust welfare state on that basis? And of course, you have oppose everything Keynesian based on that line of reasoning. So what if something progressive happens to be in the long-term interests of the elites? I say, good for them, lets have more of the same. As to what is 'progressive', I'd use a very simple definition for this conversation that I think should be completely non-controversial: anything that decreases the powers and profits of financiers is progressive. -raghu. -- Eat the rich, the poor are tough and stringy. _______________________________________________ pen-l mailing list [email protected] https://lists.csuchico.edu/mailman/listinfo/pen-l
