[lbo-talk] “It provokes screams from the left”

Carrol Cox cbcox at ilstu.edu
Wed Jul 27 11:40:29 PDT 2011


I would maintain that the most dependable source for an answer to this and all similar questions is the final chapter of Wages, Price and Profit. The particular conditions that generated (in the mid-70s such a prolonged and increasingly powerful capitalist response such as described there would be worth exploring. But focusing on this or that politician or group of politicians or particular set of current events is wasted energy. The answer has to be one good for the last 35 years.

Carrol

On 7/27/2011 1:10 PM, Bhaskar Sunkara wrote:
> Seth raises an interesting question. Anyone have an answer?
>
> http://jacobinmag.com/blog/?p=792
>
> ***
>
> Of all the appalling tidbits that leaked out of the various closed-door
> debt-ceiling negotiations of the past few months, one of the most stunning
> items was the news
> <http://www.politico.com/politico44/perm/0711/obamas_medicare_offer_58a59ec3-7121-48bc-9972-f47bb48fe6ab.html>that
> Obama had proposed raising the Medicare eligibility age from 65 to 67. Not
> only did he propose it — he was really hoping it would happen. This provoked
> a collective wail of despair from a number of bloggers and commentators.
> Paul Krugman wrote a whole
> column<http://www.nytimes.com/2011/07/25/opinion/25krugman.html> about
> it.
>
> Most of the responses to the news focused on how bad the policy is. But the
> more interesting question is why Obama wanted to push it in the first place.
> Yesterday, Ezra Klein had a post titled “Why the Obama administration is
> open to raising the Medicare
> age.”<http://www.washingtonpost.com/blogs/ezra-klein/post/why-the-obama-administration-is-open-to-raising-the-medicare-age/2011/07/11/gIQA7sTiaI_blog.html>
> There
> are few commentators as well informed on policy and as well connected and
> sympathetic to the Obama administration, so when Klein speaks on this topic,
> we should listen. [...]
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