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

[brad]

Michael Pollak wrote:
>... because like all ideology it's simplistic and inflexible, in
some situations, like this one, it's dead wrong.  They're sailing their
own system into the sandbars and they can't turn the wheel because they're
possessed by their own spell.
-----------------------------------------------------------------------------------
Really?  I think one of the key lessons to learn from neoliberalism is
that there aren't necessarily immediate limits imposed by aggregate
demand.  That most limits can be overcome through increased
exploitation and worker competition.  Not that there isn't a limit
somewhere to this process, but that we shouldn't assume that the
economy cannot grow because wages are stagnant.  Besides the fact that
it focuses on the wrong thing anyway.

Brad