[lbo-talk] rotten apples or specters of keynes?

ulisse mangialaio ulisse_mangialaio at yahoo.it
Mon Mar 17 14:56:18 PDT 2008


i'm wondering:

aren't bubbles the necessary and only way of sustaining the economy in an inequal society, as it has often been the case in the u.s. ? can an advanced economy, like the u.s. one, really rely only upon demand of the upper crust (25%, maybe less, of the households)? i guess this is what brenner said in the boom and the bubble.

furthermore i have hunches that the bubble/bust pattern is a very effective containment strategy against class-struggle.

ulisse

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