Re: [Pen-l] Democrats to placate Republicans on recovery plan

[Martin Hart-Landsberg <marty@xxxxxxxxxx>]

Regarding the Japanese experience--it is my impression that while the 
growth collapse was contained--average incomes plummeted and never 
recovered and that work became far more insecure with an ever growing 
percentage of irregular work, also more homelessness etc.  In other 
words, that there was a qualitative decline in quality of life for the 
average person.

Is this a correct impression?

Marty


Doug Henwood wrote:
> On Feb 4, 2009, at 2:33 PM, Jim Devine wrote:
>
> > like Japan during the 1990s? except on a global scale?
>
> That really wasn't all *that* terrible.
>
> Doug
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