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View Diary: Neoliberalism Defied? The Argentine "Miracle" (148 comments)

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  •  More Capital More Growth? It Ain't Necessarily So (none)
    If there's a dearth of demand (because of hyper-exploitation of the working class) then the capital accumulated via this exploitation will not result in growth.  Though it might be useful if it flees the country and is spent on U.S. treasuries so the U.S. can maintain its current account defecit.

    Even Henry Ford (fascist admirer of Hitler) understood that if you don't pay your workers they won't buy your cars.  And if no one will buy your cars why build factories?  It takes a lot of education to un-learn this rather obvious truth.

    This aggression will not stand, man

    by kaleidescope on Sun Dec 26, 2004 at 11:43:10 AM PST

    [ Parent ]

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