Doug Henwood wrote: > Thing is, the big Wall Street houses have not been pushing for austerity. > Goldman and JPMorgan have supported some sort of additional stimulus. > Pressure for austerity comes mainly from Wall Street's own petty bourgeoisie, > the hedge fund and private equity guys, who have a social philosophy straight > out of Ayn Rand - and the small business types who are the popular base for > the Republicans.<
perhaps the big Wall Street houses aren't vehement in their advocacy of stimulus (because they know they'll never be in trouble, no matter what happens), so that the voices of the "petty bourgeoisie" dominate. The latter clearly are dominated by the particularistic (me-first, NIMBY) and short-sighted perspective. -- Jim Devine / "Segui il tuo corso, e lascia dir le genti." (Go your own way and let people talk.) -- Karl, paraphrasing Dante. _______________________________________________ pen-l mailing list [email protected] https://lists.csuchico.edu/mailman/listinfo/pen-l
