Re: [Pen-l] The Final Question

[Laurent GUERBY <laurent@xxxxxxxxxx>]

On Wed, 2009-01-14 at 12:09 -0500, Louis Proyect wrote:
> Paul Gigot: Well, I think capitalism will survive, but I think a good 
> question now at this particular juncture is what kind of capitalism? Are 
> we moving to a European brand; a, a much larger welfare state, a much 
> larger entitlement state with slower growth, higher long-term 
> unemployment? 

According to Riccardo Faini:

http://www.unc.edu/depts/econ/seminars/Faini.pdf

"Once corrected for demographic changes and accounting differences, the
growth performance of the Euro nations since 1990 is no worse than that
of the United States"

("accounting differences" is just creative accounting with military
spending)

And for "unemployment" you know my line.

Laurent

_______________________________________________
pen-l mailing list
pen-l@xxxxxxxxxxxxxxxxxx
https://lists.csuchico.edu/mailman/listinfo/pen-l