What I recall from the Jacoby article was the idea that the German Social Democrats argued that they need not engage in revolutionary activities because the economy would do their work for them. They should retain their respectability so that when the crisis comes, the people will turn to them.
I admit that that part of his paper was not in my notes, so I may be correct. In any case, Jacoby's story sounds like the Democratic Party strategy of today regarding the war. This new iteration will probably be a successful as the German Social Democratic revolution of the early 20th century. -- Michael Perelman Economics Department California State University Chico, CA 95929 Tel. 530-898-5321 E-Mail michael at ecst.csuchico.edu michaelperelman.wordpress.com
