Carrol
Doug Henwood wrote:
>
> On Apr 21, 2010, at 11:08 PM, Carrol Cox wrote:
>
> > The Great Depression lasted long enough, continuously, that
> > slight improvements in conditions could generate the hope and the
> > rising
> > expectations that are so vital to left movements .
>
> The recovery from 1933 to 1937 was very powerful. The unemployment
> rate fell from over 25% to around 11%, and GDP rose by 43% (or over 9%
> a year), surpassing the 1929 peak in 1936. And, as Bhaskar just
> pointed out, the politically interesting stuff didn't really start
> until 1934. That was the year of the Minneapolis general strike. A
> year later, the UAW was formed in 1935, and the Flint strike was
> 1936-37. Rising expectations are very dangerous from a bourgeois
> perspective. Best to keep the working class always a little off guard.
>
> Doug
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