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ECB rate rise : the beginning of a new phase? | 34 comments (34 topical, editorial, 0 hidden)
Return of confidence to the business class (none / 0)
Nevertheless, according to NBBooks:
The "Arsenal Democracy" story is actually mostly myth: U.S. captains of industry had to be dragged, kicking and screaming, into industrial mobilization by some very determined and angry Army officers.


Economics is politics by other means
by Migeru (migeru at eurotrib dot com) on Fri Apr 8th, 2011 at 12:04:17 PM EST
[ Parent ]
Re: Return of confidence to the business class (4.00 / 3)
U.S. captains of industry had to be dragged, kicking and screaming, into industrial mobilization...

Not the first or last time they had to be clubbed over the head to insure their own prosperity. Most probably didn't understand that the economics they had studied or read was intended as class based propaganda, not as a guide to practical economic success, let alone survival.

"It is not necessary to have hope in order to persevere."
by ARGeezer (ARGeezer a in a circle eurotrib daught com) on Fri Apr 8th, 2011 at 01:39:16 PM EST
[ Parent ]

ECB rate rise : the beginning of a new phase? | 34 comments (34 topical, 0 editorial, 0 hidden)
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