Re: Barbara Ehrenreich Loses Her Mind
On Aug 23, 2007, at 6:27 PM, Carrol Cox wrote:
I’ve always had differences with Ehrenreich, but I never dreamed that she could be this abysmally stupid. From the earliest days of
capitalism all sorts of capitalist have gone bust, with no threat to the system. Periodically, hundreds of capitalists go broke, with no threat to the system.
No kidding. It’s salutary to be reading Josephson’s Robber Barons
right now. Practically the whole history of the U.S. economy in the
second half of the 19th century was of securities fraud, stock
manipulation, and massive booms and busts. Big time speculators were
ruined often. The economy spent a lot of time in depression. Yet the
U.S. grew into a massive industrial power anyway.
Doug