Greetings Economists, On Feb 13, 2008, at 9:17 AM, Doug Henwood wrote:
is the perfect instrument for a homegrown structural adjustment program.
Doyle; A structural adjustment is coming whoever wins the presidency. Michael speaks to that; MP writes, Isn't this a common pattern, that the left falls (not really wins) into office once the right model becomes exhausted, leaving the purported left to harm the masses in ways that the right is reluctant to do. Doyle; The public is moving 'leftward' but there is no 'left' in an organized sense. Rather I suspect especially Obama is founding a left base in the public for doing something about the structural problems the right has created. The base may find a way to organize the questions into action. I would think the pattern holds that a democrat will promise reforms and a more human face. I think what breaks the pattern is the evident decline in U.S. power which undermines neo-liberal nostrums. Hence left assertions about rebuilding the U.S. would resonate much more than any time since WWII. Doyle
