Wednesday, September 12, 2007

 

Must-Read of the Day

Something is wrong here. Either the data indicating productivity and GDP growth are wrong or Karl Marx was right that capitalism works to concentrate income in the hands of the few capitalists. A case can be made for both explanations. —Paul Craig Roberts, former Asst. Secretary of the Treasury under Reagan and "paleoconservative" writing in "American economy: R.I.P."

Actually it isn't a case of "either-or," it's both.

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