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Response to HiPointDem (Original post)

Mon Feb 18, 2013, 07:53 AM

2. "They"

You make it sound like it is

1) A concerted and deliberate effort

2) A secret

It is no such thing. You live in an economic system based on profit. Whenever the investors feel they aren't profiting enough (i.e. high wage share), they fire workers and stop investing. This requires no organisation at all, just the sum of individual actions, although, yes, monetary policy does occasionally create deliberate recessions (1970, 1982, 1991, 2001 were deliberate; 1954, 1958, 1961, 1974-75, 1980 and 2008 weren't) when wages or prices seem to be rising too fast.

I do not disagree with the post, but I think that to treat things like a sort of conspiracy is kind of naive and optimistic: it assumes that people need to hide in order to do bad things. But this is not the case. They can do selfish, socially disruptive things in the open, and anyone who cares to examine the matter will know. Indeed, our economic system is built on this premise.

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