[lbo-talk] Question: Source of High European/Relatively Low US Unemployment

andie nachgeborenen andie_nachgeborenen at yahoo.com
Mon Mar 7 21:14:15 PST 2005


Maybe I didn't make my audience clear enough. I'm not going to bullshit my daughter,

--- Bill Bartlett <billbartlett at dodo.com.au> wrote:
> I agree you need something snappy, rather than a
> detailed analysis.
> So don't be too concerned about facts, just
> bullshit.
. . .
> It may be bullshit, but it isn't up to a socialist
> to disprove the
> argument that this is the inevitable logic of
> capitalism. Embrace the
> Official Explanation!
>
> Bill Bartlett
> Bracknell Tas
>
>
>
>
>
> At 2:26 PM -0800 7/3/05, andie nachgeborenen wrote:
>
> >OK, my understanding is that for quite some time,
> say
> >25 years, unemployment in Wesrtern Europe has a
> >everaged about 10-11%, while in the US the average
> has
> >been a little more than half that, maybe 6% Is that
> >right? Pressed on this topic by a smart, fairly
> >open-minded, not economically informed teenager, I
> >found myself saying, well, the Official Explanation
> >according to the Economists is that labor is
> >compatively overpriced in Europe. However, this
> isn't
> >right because . . . . because what? I realize I
> >should have had a snappy or even a plausible answer
> to
> >this question, but i didn't. And don't. Please help
> me
> >here. Operate on the assumption that there are no
> >stupid questions. Or sneer, whatever, but please
> help.
> ___________________________________
>
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>

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