[lbo-talk] FT/Harris: Economic stupidity epidemic throughout populace

[123hop at comcast.net]

My ex had a book called something like "The History of Human Stupidity." I guess this could be a chapter. 

On the other hand, it's what is showered upon everyone in the news. People do not most understand 
macro concepts or much about history or anything bigger than the individual. 

Tough break for all of us. 

Joanna 

----- Original Message ----- 
From: "Michael Pollak" <mpollak at panix.com> 
To: lbo-talk at lbo-talk.org 
Sent: Monday, July 12, 2010 9:58:35 PM GMT -08:00 US/Canada Pacific 
Subject: [lbo-talk] FT/Harris: Economic stupidity epidemic throughout populace 

http://www.ft.com/cms/s/0/8f9e61c0-8ce2-11df-bad7-00144feab49a.html 

<begin excerpt> 

Asked if public spending cuts were necessary to help long-term economic 
recovery, 84 per cent of French people, 71 per cent of Spaniards, 69 per 
cent of Britons, 67 per cent of Germans and 61 per cent of Italians 
answered Yes. In the US, 73 per cent of Americans agreed. 

Only 38 per cent of Italians, 33 per cent of Germans, 31 per cent of 
Britons, 29 per cent of Spaniards and 16 per cent of French people thought 
that public spending cuts would harm the economic recovery. Some 27 per 
cent of Americans agreed. 

<end excerpt> 

Michael 
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