From: "Perelman, Michael"
What the hell are we talking about? As Brad DeLong's analysis suggested nobody needs Keynes to realize that austerity is stupid. Even the Republican idiots adopted Keynes-like analysis in calling for the tax cuts for the superrich. What's going on politically is not a debate over economics. It is the most overt class war, perhaps, in the history of the United States -- a war in which the poor and working classes are left to their own devices, lacking any organized force to represent their interests. If austerity tends to make the economy function even worse, the bastards will take that as evidence that more tax cuts and deregulation are needed. We can stand by and ridicule each other. Where is Carroll's stern analysis when we need it? Perhaps that is the new revolutionary strategy for the Internet age. ^^^^^^^ CB: I agree with Michael. A main permanent strategy of the ruling class is to beat up on the working class to weaken it so it can't or won't be able to fight for its interests. ^^^^^ Michael Perelman Economics Department California State University Chico, CA 95929 _______________________________________________ pen-l mailing list [email protected] https://lists.csuchico.edu/mailman/listinfo/pen-l
