RE: [Pen-l] Introducing the Obamawatch Lottery

["Perelman, Michael" <MPerelman@xxxxxxxxxxxx>]

Yes, your last line is correct & is in line with Carrol's Joe Kennedy
quotation.  I would not expect any major politician to actually
challenge capitalism until people were ready to actually wield their
pitchforks.

Jim D. writes:

Please be specific. For example, nationalizing financial institutions
and then making them all obey strict regulations of the sort that
prevailed in the 1950s & 1960s would "challenge the rich" on the
political level (which is why these policies have not yet been
implemented). But they would serve the rich in the long run, since it
would get them out of the current mess and prevent new disasters of
this sort for a decade or two. That is, does "challenging the rich"
include acting like the adult to that bunch of crying brats?



Michael Perelman
Economics Department
California State University
Chico, CA
95929

530 898 5321
fax 530 898 5901

http://michaelperelman.wordpress.com
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