The Reagan Revolution /Great Restoration/New Democrats strategy of relying on credit expansion to fill the demand hole caused by heightened fucking of the working class is now at its final — and completely logical — end. Either we start to reverse the basic class-fuck from above, or this depression continues to deepen.
Wednesday, February 11, 2009
Credit expansion can't replace good working class incomes
Posted by Thom Foolery at 11:39 AM