On Mar 31, 2014, at 6:31 PM, Charlie <[email protected]> wrote:
> It reads like the theory that wages squeezed profits, causing the 1973 > recession and subsequent stagflation. Now, after the capitalists have > pushed the pendulum hard to the right, the need is to restore workers' > consumption. The implication is that capitalism has a sweet spot in the > middle, somehow combining adequate exploitation hence healthy profits > with reasonably good times for workers. > > Is this not the implied theory? I was writing for the NYT, not Workers Vanguard. _______________________________________________ pen-l mailing list [email protected] https://lists.csuchico.edu/mailman/listinfo/pen-l
