-----Original Message-----
From: [EMAIL PROTECTED] [mailto:[EMAIL PROTECTED]] On
Behalf Of Rob Schaap
Sent: Thursday, September 07, 2000 11:29 AM
To: [EMAIL PROTECTED]
Subject: Re: Re: Re: Australia
G'day Nestor,
In late August the bastard Niemeyer lent
Scullin's bastard Tories support in their (tediouisly predictable) claim
that Australia's workers had been enjoying too high a living standard,
prescribing 20% cuts in wages and pensions and the cessation of
'unreproductive' public works.
So we duly had an imposed depression, too, mate.
Cheers,
Rob.
Hi All,
Question: In my own logical fashion, deduced without an economic degree, I
figure that America will have to experience some sort of depression so that
a leveling of some sort between periphery and core incomes and expenses
occurs. I believe that a leveling and the defeat of capitalism must occur
or the UN, WB, etc. will vanish as we know them or some more economic voodoo
because globalization makes people aware of the plight of other people.
Isolationism to an extreme might occur, but that is highly unlikely. But as
I understand it in America now the prevalent thought process holds that a
recession is not necessary. Are we just postponing the inevitable?
-Nico
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