[Marxism] Krugman on the British Empire

S. Artesian sartesian at earthlink.net
Sat Apr 4 21:30:59 MDT 2009

The basis of the increased saving rate is the restricted nature of the 
domestic market-- the fact that half the population is tied to the rural 
economy, earning little, but some money, but not spending it as 1) there is 
no place to spend it  2) with the deconstruction of social welfare 
programs-- i.e. medical care, savings are critical protection against 
catastrophic illness and injury.

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