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September 22, 2011


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Hi Jodi

Thank you for posting this. I have read this sort of argument before - that austerity is the result of capital realizing its advantage over labor during the crisis. This seems to assume a certain inevitability of the contradiction playing itself out this way. And I think the author dismisses Keynesian solutions because Government cannot "convince" capital not to use its advantage is a mistake - a robust Keynesian solution may not have solved all of our problems but it would have alleviated much human suffering and may have provided a chance at recovery - even one that is still largely dictated by neoliberal rules and arrangements. Just a thought. Take Care.

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