Milton Friedman's legacy

jklugman

4-27-2008 8:49 PM

147 views

see more clips

This Crumbling Empire

Arizona: you'll learn American val...

The Environmentalists' Real Agenda

Politics

Steal This Idea

Roger Waters plays `Dark Side,' un...

The Politics of Food is Politics

clips by jklugman

Brandeis Student Gov Tables Resolu...

Can syphilis be transmitted throug...

Swimming pools, Islam, & Judaism

Embed This Clip In Your Site...

<div style="margin: 12px 0px; font-family: arial; color: #333333; background: #ffffff; border: solid 4px #e5e5e5; width: 100%; clear: left;"><div class="CM_CTB_Content_Wrap" style="margin: 0px; padding: 0px;background-color: #ffffff;"><div style="border-bottom: solid 1px #dcdcdc; white-space: nowrap; margin-bottom: 8px; background-color: #eeeeee ;background-image: url(http://clipmarks.com/images/source-bg.gif); background-repeat: repeat-x; height: 24px; line-height: 24px; vertical-align: middle; padding-bottom: 4px; color: #666666; font-size: 10px;" ><a href="http://clipmarks.com/clip-to-blog/" title="see clips that are hot right now"><img src="http://content.clipmarks.com/blog_embed/5485c08c-8a8b-478e-995d-80fc3f445e81/876D457B-61CB-460E-9CC5-D508F7C2C6ED/" alt="" width="19" height="19" border="0" style="vertical-align: middle; margin: 0px 4px; display: inline; border: none; float:none;" /></a>clipped from <a title="http://www.leftbusinessobserver.com/Shock.html" href="http://www.leftbusinessobserver.com/Shock.html" style="font-size: 11px;">www.leftbusinessobserver.com</a></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.leftbusinessobserver.com/Shock.html"><P>But there’s a <A target="_blank" href="http://findarticles.com/p/articles/mi_m1132/is_n2_v44/ai_12253740">radical way</A> of expressing the insights of Friedman and the others who came to power and influence in the late 1970s. Capitalism simply cannot live with low unemployment rates. Workers gain confidence, resist the direction of the boss, and wages are forced up. Add to that a welfare state, which cushions workers against the risk of job loss, and things are even worse from the bosses’ point of view. Their plight was evident in the depressed profit rates of the leisure-suit decade.</P></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.leftbusinessobserver.com/Shock.html">
			Sure enough, the application of the Friedman agenda raised profit rates and ended the great inflation—though it put the working class into a semipermanent state of anxiety, which was part of the point. </blockquote></div><div style="margin: 0px 6px 6px 4px;"><table style="font-size: 11px;border-spacing: 0px;padding: 0px;" cellpadding="0" cellspacing="0" width="100%"><tr><td style="background:transparent;border-width:0px;padding:0px;">&nbsp;</td><td align="right" style="background:transparent;border-width:0px;padding:0px;width:107px" width="107"><a href="http://clipmarks.com/share/876D457B-61CB-460E-9CC5-D508F7C2C6ED/blog/" title="blog or email this clip"><img src="http://content9.clipmarks.com/images/c2b-foot.png" border="0" alt="blog it" width="107" height="17" style="border-width:0px;padding:0px;margin:0px;" /></a></td></tr></table></div></div>

tags: