THE SECOND GREAT DEPRESSION : A wild expansion in government and personal borrowing has fuelled credit growth in the period 1995-2005 setting many English-speaking and other Western economies for a serious downturn....the Great Recession starting 2005-2010.
2 Comments:
Give the auto workers union government loans to buy out the automakers at distressed prices. Then they can negotiate wages with themselves!
That would be an autonomous collective I believe. Not unprecedented in the US either, I studied an example of one, but I can't recall its name. Labour would briefly share its role with capital, then seek new labour to take its place. Four legs good, two legs better.
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