>Posted on 31 Oct 1995 at 04:31:55 by TELEC List Distributor (011802) > >[PEN-L:1184] RE: why get rid of the Commerce Department? > >Date: Tue, 31 Oct 1995 01:28:01 -0800 >Reply-To: [EMAIL PROTECTED] >From: "Michael A. Lebowitz" <[EMAIL PROTECTED]> > >In message Mon, 30 Oct 1995 10:13:24 -0800, > [EMAIL PROTECTED] (James Devine) writes: > > >> As for Peter Burns' question about the GOP actually stimulating >> private investment and thus the economy: yes, they can do that. >> But such a profits-led boom encourages investment to get further >> out of line with consumer demand, implying greater tendency >> toward recession. > > This may be true for a closed capitalist economy or for capitalism-as-a >whole, but why should it be true for one capitalist country? Ie., don't we >have both a logical and concrete basis to recognise that any individual >capitalist country can pursue successfully such policies--- as long as >others are not doing the same, that is? > cheers, > mike Good point. But given that the US is the world's largest economy, would it make a difference if we did it versus, say, Britain? Marsh Feldman Phone: 401/792-5953 Community Planning, 204 Rodman Hall FAX: 401/792-4395 The University of Rhode Island Internet: [EMAIL PROTECTED] Kingston, RI 02881-0815
