>At 9:03 AM -0800 3/14/97, [EMAIL PROTECTED] wrote: > >>"Mr. Soros, who worries so much about an anticapitalist backlash, thinks >>the new boom 'will be constantly tested' by crises, but nevertheless 'might >>last a century.' " >> >>So,... aren't you all just *thrilled* by the good news...? > >Where is the evidence for this boom except that capitalists keep getting >richer and more powerful and feel really good about themselves? Is a 2.5% >U.S. expansion boomy? Two of the three major centers, Europe and Japan, are >stagnant. Latin America is hardly sparkling and Africa is a wreck. The >fastest growth rates are in Asia - and these are very fast indeed, 6-8%, >the fastest by far of any regional group in Maddison's 175-year database. >They're 2-3 times what the U.S. and Britain saw at their peaks. Asians, of >course, haven't achieved those growth rates with anything like the American >model, which is nonetheless fashionable because of its 2.5% growth rate. > >Doug Doug, I sure hope you didn't get the impression I was *endorsing* the WSJ newsitorial?! Because if you did, perhaps I will post a clarification. I don't read the WSJ -- or anything else, really -- to learn "what is going on"; rather to learn what different people *think* is going on. Blair _____________________________________________________________________ Blair Sandler "If I had to choose a reductionist paradigm, [EMAIL PROTECTED] Classical Marxism is a damned good one." _____________________________________________________________________
