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Will Micawberism be enough?
Higher productivity under current ineffective models and
beliefs leads most often to fewer jobs and lower aggregate
wage costs and revenues. Higher productivity is good only
if government intervenes to maintain adequate demand to
match such productivity. Government must also ensure
that there are jobs and income for those former job holders
who have been made redundant by higher productivity.
John,
There's massive unsatisfied demand all around the world - not least in the
United States.
There's plenty of good use to which higher productivity and its production
can be put.
Our problem is to make that massive, unsatisfied demand effective.
We have health services to satisfy, food needs, housing, clean water,
education needs, protection of the environment - everywhere you look there's
something that needs to be done and there's no present prospect that it will
be done..
Our job is to devise ways to use rising productivity, the skills and
resources of the modern economy, to meet those needs.
That's our task - yours and mine.
Those needs won't be met by raising or lowering interest rates.
They won't be met by saying it's too hard.
They won't be met by saying the Enron types won't approve.
They will be met only by doing some clear thinking about how we can best
mobilise our resources.
We then have to think of a process whereby the mobilisation of our resources
can be programmed and brought into effect.
We have to get people involved in the process.
Not just in the United States - although the United States is enormously
important and we absolutely need the vitality and the imagination of the
American people behind the process and future implementation.
We want to get the United States back to the sort of world leader it used to
be.
Partly it assumed the role of world leader because of a perceived need to
fight communism.
Partly.
There has also been a highly moral, visionary element in American policy in
the past, combined with a healthy practicality.
We need to bring it back.
Part of the motivation can be and will be to fight terrorism and bring about
PEACEFUL change.
Part of the motivation will be to preserve and promote the future of a free
society, a free-enterprise system, a well-managed capitalism.
If there was motivation in the Cold-War era, there's even more - and more
glorious - motivation now.
We need the American people in undertaking this task.
It's not possible without them sooner or later - and preferably much, much
sooner.
But we must have others too - from all the continents, all the races, all
the religions, all the cultures.
We don't need to be Micawbers - hoping that something will turn up.
If we have the will, we can make it turn up.
VOW can be the instrument.
James Cumes
http://VictoryOverWant.org
- Thread context:
- Krugman on Rove,
Henry C.K. Liu Wed 12 Jun 2002, 00:10 GMT
- Re: [gang8] How to spread prosperity,
Schulte-baeuminghaus Tue 11 Jun 2002, 19:22 GMT
- Re: The argument,
Schulte-baeuminghaus Sun 09 Jun 2002, 20:02 GMT
- Will Micawberism be enough?,
Schulte-baeuminghaus Sun 09 Jun 2002, 08:44 GMT
- Micawberism,
Schulte-baeuminghaus Sun 09 Jun 2002, 08:01 GMT
- Re: Food: When is it a right or a handout?,
Henry Schappach Sun 09 Jun 2002, 01:55 GMT
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