From: Eugene Coyle
It is interesting that only one one of the thinkers (Galbraith) had a
specific proposed policy to "a path to sustained growth" and only one
other had a more general path (Alperovitz). The others relied more on
time and the market to provide a fix for the economy.
Alperovitz pins his hope on "social enterprise" i.e. worker
driven business. Galbraith sees a surplus of labor and would reduce
that by lowering the retirement age to 62 to clear some workers from
the scene.
Nor is there much on Pen-l or the left as far as policy
proposals, save more stimulus. Neither is there, on the left, much
challenge to the "sustained growth" route to nirvana. Sustained
growth as the rescue of the common man marries the aspirations of
workers to the goal of the capitalists. It could work for the
capitalists but will not for the workers.
Gene Coyle
^^^^^^^
CB: Somebody posted this quote on LBO-talk last week:
“If capitalism could adapt production not to the obtaining of the
utmost profit but to the systematic improvement of the material
conditions of the masses of the people, and if it could turn profits
not to the satisfaction of the whims of the parasitic classes, not to
perfecting the methods of exploitation, not to the export of capital,
but to the systematic improvement of the material conditions of the
workers and peasants, then there would be no crises. Then capitalism
would not be capitalism. To abolish crises it is necessary to abolish
capitalism.” – The Devil Himself (1930)
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