[lbo-talk] Reps losing business class (sorry for last post)

[Carl Remick]

On 10/3/07, Doug Henwood <dhenwood at panix.com> wrote:
>
> And how do you explain the contrast in economic performance? Growth
> in GDP and employment is stronger under Dems. Ditto growth in incomes
> at the 20th percentile. Dems are more inflationary and Reps
> disinflationary. The stock market does better under Dems, the bond
> market under Reps. Yeah, it's still capitalism, and a sucky version
> of capitalism, but these are real differences.

Yes, but what's the net result of this dialectical wonder that you
describe?  Over the long haul, more and more wealth and power is
concentrated in fewer and fewer hands.

And whoop-dee-do that "growth in GDP and employment is stronger under
Dems."  Looking back on the Clinton years all I see is speculation and
overinvestmet that created temporary mass wealth and employment that
has now dissipated.  I see no reason to celebrate a binge that is
certain to be followed by a purge.  Capitalism has no word for
"sustainability."

Carl