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Politics : Ask Michael Burke -- Ignore unavailable to you. Want to Upgrade?

To: Don Lloyd who wrote (91846)8/26/2001 11:43:35 PM
From: shadowman  Read Replies (1) | Respond to of 132070
 
Or job losses will occur if companies are forced to invest in capital equipment to increase productivity to stay in business, if they can't increase the size of their market.

Seems that the investment in capital equipment could result in an increase in employment....at least as far as the capital equipment supplier is concerned.



To: Don Lloyd who wrote (91846)8/27/2001 12:28:35 PM
From: Nadine Carroll  Read Replies (3) | Respond to of 132070
 
Don,

Here's a book review that seems germane to this discussion,
An Exceptional Country: Why Socialism Failed in
America. One of the reasons cited is the relative egalitarianism of American society and its lack of an hereditary proletariat.

nytimes.com

My question is: are we, in today's society, effectively establishing an hereditary proletariat?


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