On Thu, Sep 24, 2015 at 11:20 AM, Carrol Cox <[email protected]> wrote:
> 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. > Sure, but there is more than one way to keep a "reserve army of labor" around. You can keep them occupied in precarious jobs or fighting unnecessary wars. Or you can simply put very large numbers of them in privatized prisons, refugee camps and the like. These were the types of policies favored under G. W. Bush and they have nothing to do with austerity. Quite the opposite. They involve massive expansions of government, increased government spending and enormous deficits. Your argument that "austerity" is somehow the inevitable outcome of capitalist development is, I maintain, complete nonsense. Certainly it has been proven to be demonstrably false by George W. Bush. -raghu.
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