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

brad babscritique at gmail.com
Tue Jul 13 10:37:11 PDT 2010


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



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