Oh yeah, and I can't pass this up:
Quote:
|
Just as it was in the early 1930s, the US is suffering from surpluses of commodities, manufactured products, manufacturing capacity and money. Just as it was then, it is also faced with a surplus of labour, yet the two surpluses, as before, cannot be profitably matched.
|
This is just so much nonsense as a precursor to war that I'm calling shenanigans. And he's saying this condition has been building since 1973? Stop, stop, please stop.
There are a lot of people who want there to be some weird, mysterious, inexplicable problem with free economies that causes them to implode or not work right or demand war and stuff. They come up with something really complicated and call it plausible, and too many people buy it. The landfills are full of their various theories. It would be funny if the graveyards nearby weren't full of the purged people who were victims of tyrannical governments who used those various theories for their excuses.
Meanwhile, I await evidence of this dysfunctional US economy in the form of, you know, economic data.