>Summary: The cheering of the U.S. economy's success should be tempered by
>the fact of private debt accumulation.
I ran across an article by Harry Braverman in the '56 American Socialist
that makes almost the identical point. And only 6 months earlier there is
an article on automation by Harry or co-editor Bert Cochran (they went on
to launch Piel's Beer after the magazine collapsed) which warns about the
looming unemployment crisis. How, the article argues, can the 1950s boom be
maintained when computers are replacing workers left and right. The
statistics are convincing--as far as they go.
I am tempted to call myself a Henwoodite, at least on these type questions.
Louis Proyect
(The Marxism mailing list: http://www.marxmail.org)
