firstOrder

15 ms·

91.
by firstOrder 13y ago
The post-coup economy in Chile was not so spectactular. Between 1972 and 1993, per capita GDP fell. GDP growth for the twenty years after the coup was lackluster compared to other South American countries. You did mention the economy gett
92.
by firstOrder 13y ago
So then there is the question Marx posted a century and a half ago - what do capitalists do with the money they make? Only so much can be spent on mansions, and even that is an investment. They can bury some precious metals in the backyar
93.
by firstOrder 13y ago
> avoided introducing an elected President as it was seen as introducing a new and destabilising power base that would eventually lead to a constitutional crisis. Sure you just have a representative of the Monarch who boots elected prime
94.
by firstOrder 13y ago
As someone wrote a century ago - "Monopoly, it inevitably engenders a tendency of stagnation and decay...the motive cause of technical and, consequently, of all other progress disappears to a certain extent and, further, the economic p
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by firstOrder 13y ago
> It was reasonable to take the translation at face value This has been bouncing around since 2005. The Washington Post did a story two years ago about how it was bogus - http://www.washingtonpost.com/blogs/fact-che
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by firstOrder 13y ago
I think there is another element in this and that is a form of self-deception. Obviously the US establishment tries to put a good propaganda face of some of its seamier actions. It can, and I think does, reach the point where there become
97.
by firstOrder 13y ago
> Workers will have less disposable income to spend, so economic growth will slow down. Yes, Karl Marx noted this a century and a half ago. > Workers will be more likely to leave their jobs if offered a salary that's just a few p
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by firstOrder 13y ago
Salaries don't rise along with inflation, it's one of the reasons why inflation is being propounded by the Fed. If the inflation rate is 3%, you give all your employees a 2% raise at the end of the year. You've given them a
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by firstOrder 13y ago
Your posting is rife with an "elitist" mentality. The Census asks people if they have a computer in their home... http://www.census.gov/hhes/computer/publications/2011.html ...and one out of four ho
100.
by firstOrder 13y ago
The first paragraph says: > The popular view of America's upper class is that of an ossified aristocracy. But research from the National Bureau of Economic Research shakes up this view, at least among America's richest individu
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by firstOrder 13y ago
> Third, representative government. Laws should not be passed, nor taxes levied, except by elected legislators who are answerable to the rest of us. This must be why the Northern Ireland Civil Rights Association's slogan in 1967 was
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by firstOrder 13y ago
If an American POW comes back to the US and says the US was the aggressor in the Korean War, he does not have an opinion, he has been "brainwashed". What kind of mental gymnastics do I have to perform to think this way. It'