http://www.lobbygroup.org/2009/02/27/richard-d-wolff-on-obamas-stimulus/ - to affect public sector decisions in the UK. Tue, 11 May 2010 19:07:37 +0100 hourly 1 http://wordpress.org/?v=3.0 http://www.lobbygroup.org/2009/02/27/richard-d-wolff-on-obamas-stimulus/comment-page-1/#comment-274 John Durham Fri, 13 Mar 2009 21:17:08 +0000 http://www.nutterwatch.com/?p=49#comment-274 It is nice to hear an economist bring up the basic problem of wages held down for 30 years while productivity went up as the fundamental cause of borrowers sinking deeper into debt. Of course there are other factors involved in the economic collapse. However, politically weak labor verses politically strong capital is at the heart of our problems. It is obvious that elected officials have almost always been for sale. Labor must simply outbid capital when elected officials next run for office. This could easily be done by labor entering into the banking business from which position they could produce all the money necessary to accomplish the task. It is nice to hear an economist bring up the basic problem of wages held down for 30 years while productivity went up as the fundamental cause of borrowers sinking deeper into debt. Of course there are other factors involved in the economic collapse. However, politically weak labor verses politically strong capital is at the heart of our problems. It is obvious that elected officials have almost always been for sale. Labor must simply outbid capital when elected officials next run for office. This could easily be done by labor entering into the banking business from which position they could produce all the money necessary to accomplish the task.

]]>