raghu: " This is complete nonsense. Austerity is *entirely* a function of 
deliberate government policy - a particular type of right-wing government 
policy, that is entirely dependent on the outcome of elections and that has no 
direct connection to any "massive changes in the capitalist system".

-------

Most of those "government policies" were little more than confirmations of 
changes already in motion through the operations of capital. Lou's post may be 
over-simplified, but raghu's is nearer to "complete nonsense."

The last 40+ years have been characterized above all by the continuing 
expansion of the "reserve army of labor." And virtually _all_ political 
parties, worldwide, have cooperated with rather than instigated this process.

Carrol




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