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Re: [Pen-l] Remember, the recession isn't all bad



61 years is a rather short period in historical terms. Hence concern
with the length is uncalled for and mere quibbling. And Gene's time
frame would link the present crisis to the resolution (Depression and
WW2) of the preceding one, which had immensely enhanced the power of
labor. Then the beginning of the 2d crisis is marked by capital's
counter-offensive, culminating in the Carter-Reagan presidency.
Interesting. I'm not arguing for Gene's hypothesis but mocking what he
calls mere arm-waving at it.

Carrol

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