[Marxism] Michael Hudson on the "fiscal cliff"

Daniel Rocha danieldiniz at gmail.com
Fri Dec 28 08:34:56 MST 2012


Very deceptive article about the deceptive fiscal cliff. Printing money and
austerity will both decrease the proportion of variable capital to constant
capital which will both lead to poorer living conditions and increase
profits. Living in debt will only delay the day payments cannot be
realized. There isn't even the social democratic talk about the US
government actually increase its size to actually hire unemployed people.


2012/12/28 Louis Proyect <lnp3 at panix.com>

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-- 
Daniel Rocha - RJ
danieldiniz at gmail.com



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