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Breaking: Swedish industrial wages to be cut by up to 20 %!
If this deal doesn't show how intimate the relation is between the industrial unions and the employers in this country, nothing will.
Have you read Galbraith's The New Industrial State, yet?

Most economists teach a theoretical framework that has been shown to be fundamentally useless. -- James K. Galbraith
by Migeru (migeru at eurotrib dot com) on Tue Mar 3rd, 2009 at 04:53:33 AM EST

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