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Re: Re: Re: Re: Re: Re: US Consumer Confidence index surges

Rob Schaap wrote:

But you don't really tell the likes of my morbid self
why exactly we shouldn't be worried, and why we shouldn't be croos with all
that market deregulation of the last twenty years, and why we shouldn't wonder
if we might not have a real problem with excess capacity and underconsumption
(eg. semiconductors and auto in both the capital goods and consumer sectors),
and why Reserve Bankers might not be stuck with very little room for manouvre
in the area of interest rates and currency values.


You don't need depression - or even a depression lite - to validate
the critique. All the market dereg of the last 20 years has resulted
in greater inequality (the production of great poverty alongside
great wealth), environmental degradation, a stupider greedier
culture, and lots of other ills besides. It sucks as it is, and need
not collapse to earn a withering critique. But if our critique won't
stick now, then we're doomed.

Doug


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