[lbo-talk] 'American kids, dumber than dirt'

knowknot at mindspring.com knowknot at mindspring.com
Tue Oct 30 10:48:20 PDT 2007


On 10/30/07, Miles Jackson said:

> Capitalism in our society could not function

without literate adults.

Re. this "could not function" characterization, presumably the "literate adults" here referred were not the persons (if one believes widespread news reports, said to be in the millions) who in recent years eagerly agreed to variable rate mortgages in the belief, despite explicit cautionaries in their mortgage notes and related loan documents literately alerting any reader otherwise, that "variable" excludes "increasing" (not to dwell on: very probably _will_ increase) and despite, too, a comparatively huge amount of information, readily accessible to actually "literate" folk, if they actually were that, exacerbated in these self-destructive decisions by their also not understanding simple arithmetic?



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