[lbo-talk] EU opens Northern Rock investigation

Shane Taylor shane.taylor at verizon.net
Thu Apr 3 14:09:49 PDT 2008


Doug Henwood wrote:


> Most Americans just want to go back to
> borrowing big and watching house prices
> rise. It is a lust I don't feel at all,
> but that's not the only way in which
> I'm alienated from my fellow citizens.

Borrowing big is part of the scramble to keep up with the consumption of their neighbors in spite of greater inequality, no?

http://mailman.lbo-talk.org/pipermail/lbo-talk/Week-of-Mon-20080211/002871.html

I rent just under 400 square feet of efficiency, so I don't own a house to lust over, but I can empathize with the scramble.

Shane



More information about the lbo-talk mailing list