[lbo-talk] Paul Krugman on the British Empire

MICHAEL YATES mikedjyates at msn.com
Fri Apr 3 16:12:53 PDT 2009


In Paul Krugman's New York Times column today, he says, "China acquired its $2 trillion stash-- turning the People's Republic into the T-Bills Republic--the same way Britain acquired its empire: in a fit of absence of mind." I found the part I put in bold mind-boggling.

Maybe that is the way the nobility and the merchants took possession of peasant land

in Britan proper too.

Michael Yates



More information about the lbo-talk mailing list