> Have you heard of this new theorist -- Keynes, I think?
Keynes proposed that the only governmental spending capable of supporting an economy is military spending? Wow, the things I've missed...
> I'm not talking just about that. I'm talking about propping up all the
oil
> despots, who serve to keep "our" oil out of "their" people's hands.
No, I don't think the US would care if the Middle Eastern states were all Western European-style social democracies... they'd still sell us their oil about as cheaply.
> Neither the United States nor any other general agglomeration of people
> needs a poor Third World to survive. But that is exactly the point -- our
> power elite does need exactly that, and they dominate our economies and
> countries. Hence, until we rid ourselves of their dominance, I'm afraid
> that "our" economies (Canada's included) do indeed depend on cheap Third
> World commodities. I would have thought this point would be obvious to
> LBO-ers. It certainly is to the business class.
No, the business class knows that cheap third world commodities _boost_ profits. They don't create them.
-- Luke