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Under the assumptions by which Mainstream Econmics and the conventional wisdom currently operate, a US mobilization to meet the challenges posed by Germany and Japan in the late 1930s would not have been possible, nor could the Pharaohs have built the pyramids. Political power to organize the productive capabilites of society is at the heart of how societies actually operate, but is totally excluded from consideration in mainstream economic thought, which enforces a strict seperation between economics and the state, while, in the USA, being, de facto, in violation of the establishment of religion prohibition, as their economic orthodoxy has become the established state religion.

"It is not necessary to have hope in order to persevere."
by ARGeezer (ARGeezer a in a circle eurotrib daught com) on Wed Mar 2nd, 2011 at 06:23:20 PM EST
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