Privatization Pep Rally

Max Sawicky sawicky at
Thu Jul 30 11:22:28 PDT 1998

>Accorsing to Galbraith, industrial production peaked around June of '29.
>By the time of the crash, it had already started a gentle slide, which
>didn't accelerate until November.
>So, it seems that picking January 1930 as the peak is not too far off
>the mark.

Going from 30 to 40 instead of 29 to 37 leaves off the growth years of 29, 39 and 40 (and one bad year, 1938).

I would reiterate that appeals to experience have limited effects in boosting anti- privatization arguments, for reasons to be found in my numerous posts.


More information about the lbo-talk mailing list