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Re: Job flight

Michael Perelman wrote:

That is the standard answer in the economic literature.  What would
have happened in
the post-World War II American economy without the federal
government to prop up the
job market?


It's always some prop, isn't it? This idea that capitalism would have
failed 10, 40, 100, 150 years ago had it not been for some special
circumstance isn't very helpful. It keeps barrelling on. Capitalism
could probably live with a re-routed Gulf Stream and a Europe under
deep freeze. Know the enemy, man.

Doug

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