[lbo-talk] Jacobin magazine - issue one released

Max Sawicky sawicky at verizon.net
Fri Sep 17 09:37:19 PDT 2010


I too seek enlightenment. My impression -- haven't checked lately -- is that their public sectors are still spending a pile of money. Where is it all going?

On Fri, Sep 17, 2010 at 12:26 PM, Doug Henwood <dhenwood at panix.com> wrote:


>
> On Sep 17, 2010, at 11:59 AM, 123hop at comcast.net wrote:
>
> > I just wish he'd spend less time telling us that we are ignorant, and
> more time describing what is going on.
>
> True. And it'd be nice if he showed some understanding of why Americans
> might find Europe, or a fantasy of Europe, appealing. For all the nastiness
> of German neoliberalism, there's still less inequality & poverty there than
> here. From the Luxembourg income study data for 2004 (with poverty based on
> the <50% of the median standard):
>
> poverty gini
> Germany 8.5% 0.278
> US 17.3% 0.372
>
> So their poverty rate is less than half ours. That's not nothing.
>
> Doug
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>



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