- Capitalism and Alternatives -

you presume

Posted by: Gee ( si ) on October 04, 1999 at 11:09:50:

In Reply to: What doesn't kill me makes me stronger I presume posted by Stoller on October 03, 1999 at 19:37:47:

: The New York Times numbers are from the latest U.S. Statistical Abstract. What that has to do with making 100k a year---something only one-fifth of the Amerivan population can boast---is beyond me. (And Warren Beatty---seriously!)

What is has to do with it is to demonstrate the pointlessness of measuring poverty relative to wealth.

: And you must have passed on reality. When markets crash, entire life savings are lost. And contrary to current neoliberal propaganda, crashes do not always rebound immediately. Ever heard of 1929---or was that just some commie plot?

If that market gets back to previous levels within a few years then it is a recovery. If the federal reserve and successive governments conspire in a mixture of intent and incompetence to slow any recovery down then we can thank them.

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