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Destruction of middle class jobs will result in massive social rippling affects That will destabilise western democraseys. To evidence to this I point to George Gallows election victory in Bradford (uk)
Low paid Jobs will doom many a Small Medium Business thats why banks are not lending to these?
Social breakdown is and will be economic breakdown.
Whenever I hear these demonstrator types….they always seem to chant – “Blah diddy blah……..When do we want it~!?…….Now~!”
What would you imagine the `social breakdown` “Blah diddy blah” will be~?
Social justice for all! eduction for all! social aspiration for all! when do we want it 1848. ( backdated with interest )
No. Sorry. Too wishy-washy. It’ll be Jobs, Jobs, Jobs……………We demand to be wage slaves. When do we want to be wage slaves~? Now~!
Jobs are the key. It’s time for a “FDR type” make-work project. Upgrading the civil infrastructure is not a waste of money. Without some decent-paying job creation, all the other indicators are done; housing, spending, loan demand, etc. A prolonged, 20 year recession will be inevitable.
Yes, most everything points that way. Would it `work`~? Who knows, but everything else looks like a dead end~!
“Who knows?” is right, but I think a govt spending program that upgrades infrastructure and puts people back to work is about the best plan that They could adopt right now. Since we now have essentially a State controlled economy, we might as well enact our own version of China’s Five Year Plan model. We can re-evalute after 5 years to see whather it was a go. Technically speaking, we are already in year 4 of our first Five Year Plan, no~?
Yes, in year 4 of Five Year No Plan~!
By the way I was surfing the whorehouse youtube and found Steve keens personal site He’s working on a new computer model for the new economic dynamics with social classes and such built in it’s big project that has to be done in stages. Its called Minsky Project
Yep. Soros is funding it via INET.
Well~ when you get close to check out time,(Soros) you have to Hedge your bets~!
Did you see this article updating the old predictions on the Limits of Growth? Pretty interesting. The old MIT numbers were pretty much spot on. Not a nice future for most of humanity.
Here’s another Australian rabble-rouser discussing the numbers. I hope he and Keen are pen-pals.
Some chart porn
There is an update of the book recently out I think. I am putting in an Amazon order…..will look for it. Found it. Shit……why is the hardcover four times more than the paperback~!?
I always have my local library order the expensive books. If I feel it is worth the purchase, I’ll wait awhile until the price drops. The paperback version should be just fine. You can buy the hardcover version later for your library, and use the paperback version as a working book for note-taking and scribbling.
Here is a 28 page Synopsis to get you started.
Thanks (Having trouble with Adobe………will have to sort it out)
The Average Hourly Earnings on the chart in 2b has its index on the RHS, so it’s currently about 1.5% positive. You were looking at the wrong axis when you saw it as being negative.