[lbo-talk] The skinny on Greece....

Carrol Cox cbcox at ilstu.edu
Wed Jun 8 06:18:33 PDT 2011


On 6/8/2011 7:53 AM, Wojtek S wrote:
> Which leads me to a naive question that will probably make economists cringe:
>
> What is the purpose of restricting public spending other than to
> protect the profitability of private investments?
>

Lower the wage level by enlarging the industrial reserve army, thereby disciplining labor.

Carrol



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