Re: From the horse's mouth

[Michael Perelman <michael@xxxxxxxxxxxxxxxxxxxxx>]

It is also on page 29 of his book, Lockdown America, which is first class so
far.

Louis Proyect wrote:

> ?Rising unemployment was a very desirable way of reducing the strength
> of the working classes....  What was engineered--in a Marxist sense--was
> a crisis in capitalism which re-created a reserve army of labor, and has
> allowed the capitalists to make high profits ever since.? --Alan Bud,
> chief economic advisor to Margaret Thatcher
>
> The source is an article by Christian Parenti in The Baffler.
>
> Louis Proyect
> Marxism mailing list: http://www.marxmail.org/

--
Michael Perelman
Economics Department
California State University
Chico, CA 95929

Tel. 530-898-5321
E-Mail michael@xxxxxxxxxxxxxxxxx