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Class Action: "We Can Be Better Than We Are."
- To: POST-KEYNESIAN THOUGHT <pkt@xxxxxxxxxxxxxxxx>
- Subject: Class Action: "We Can Be Better Than We Are."
- From: John Gelles <jjgelles@xxxxxxxx>
- Date: Mon, 28 Jul 1997 11:23:59 -0700 (PDT)
On Mon, 28 Jul 1997, Harry Veeder wrote: ...
"I suppose it would be like a class action suit
against the government." ...
---------------- end ---------------
I suppose we all suppose we can be/do better than
we are. We can be individually and collectively.
We can be thru personal effort, the Congress and
the Courts.
Yet it doesn't happen. PKT and the Santa Fe group
want to know why and, to an extent, they do know
why. And they do have "know how".
But we don't "know how" to move from here to
there.
Gelles asks for a legal right to work -- one
that would support an individual cause of action
against the government -- if gov't failed to lend
money required to be lent by law. (A class action
would also lie.) And were there such a right,
plaintifs would win. There would be no
unemployment and no related poverty --
If, and only if, a new poverty were
not induced by an inflation that resulted
from the legal right to credit by anyone
looking for work.
Gelles' idea is about as far out as Veeder's.
Galbraith, in the liberal agenda I have referred
to often recently, uses the word "solidarity",
calling on the rich and powerful to make common
cause with all citizens to create a civilization
of which all can be proud. Of course, "solidarity"
calls first on the lower middle class and poor to
exhibit some, and via the trade union movement,
help the power structure to see the light.
And we all know how important "solidarity" is
to political action aimed at rational political
economy -- the PKT mission. If we have little
of it here and now, what will a philanthropist
pay a lawyer to do? If there is nothing agreed
upon, even rich men like Perot and Forbes get
nowhere. More than money, common economic sense
is wanting. Class action? Sure. When we're
ready.
John Gelles
http://myturn.org
http://rain.org/~jjgelles/
Common Economic Sense
1. Saving, not unemployment, to fight inflation.
2. Inflation protection for savers and lenders.
3. Keynesian financing of public priorities.
4. Strong unions, low taxes/interest for growth.
5. Microloans for the right to self-employment.
6. Automation for a high minimum std. of living.
- Thread context:
- Re: Capital: Its Presence, Use and Control, (continued)
- Re: PEN-PKT Challenge,
Prof BJ Moore, Ekonomie, tel 2416 Tue 29 Jul 1997, 14:09 GMT
- Class Action: "We Can Be Better Than We Are.",
John Gelles Mon 28 Jul 1997, 18:23 GMT
- Re: C-span hearings/interest rates,
Randy Wray Mon 28 Jul 1997, 16:58 GMT
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