Western exceptionalism

[Richard Marens]

isn't there a Keynesian trap here?  Credit cars and car loans have floated
things for a while, but can that really go on for ever?  (Like the
commercial jokes, even dogs are getting credit cards)

On Fri, 15 May 1998, Doug Henwood wrote:


> Mark Jones wrote:
> 
> >As you have also pointed out, it is
> >possible for oil to be 'cheap' and 'plentiful' while 75% of
> >human still have to forage for wood and dung for fuel...
> 
> This is entirely true, of course, but is there any reason this state of
> affairs can't continue indefinitely? I'm sitting on an island with some of
> the richest people in the world living only blocks from some of the poorest
> in the northern hemisphere, and we have relative social peace and the
> system reproduces itself. Better surveillance, slicker propaganda, and
> nastier cops keep it going.
> 
> Doug
> 
> 
> 
>