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

[Carrol Cox]

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