Welcome to European Tribune. It's gone a bit quiet around here these days, but it's still going.
Display:
And the concept of Kicking the Ladder Away is quite apt on its own here ... the adoption of Free Trade dogma by the UK after its previous protectionist policies had served their purpose, the increasing adoption of Free Trade dogma by the United States once it was the largest, most productive economy in the world, setting aside 160 years of protectionist industry development from 1790 through 1950.

Unfortunately for the domestic US economy, economies aren't static, and we actually still needed that ladder to keep climbing ourselves ... but for the Neo-Aristocrats, its not much issue whether the shares are yielding income from income-led growth in the US or from grabbing a larger share of income from wage earners, or from distributing production around the world, so long as the income to the ownership shares keeps flowing.

I've been accused of being a Marxist, yet while Harpo's my favourite, it's Groucho I'm always quoting. Odd, that.

by BruceMcF (agila61 at netscape dot net) on Mon Sep 2nd, 2013 at 05:00:07 PM EST
[ Parent ]

Others have rated this comment as follows:

Display:

Occasional Series