Atlas Flinched

Doug Henwood dhenwood at panix.com
Thu Jan 4 15:36:03 PST 2001


Carl Remick wrote:


>Isn't the larger point that big money has boxed itself in and has no
>good alternatives at this point? U.S. capitalists have lived in a
>dream world from Reagan through Clinton and now face the curse of
>answered prayers. They wanted to recreate the laisser-faire
>paradise of a century ago and were remarkably successful, virtually
>guaranteeing a resurgence of the manic-depressive, boom-bust
>intensity of classic capitalism, guaranteeing agony and waste all
>around.

Yes, but... Sustained low unemployment has been good for the U.S. working class, producing the first sustained real wage gains since 1973. So what ensues is likely to be bad for the w.c., and that's something we should care about, no?

Doug



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