Sunday, September 12, 2010

Death by Globalism

Economists Haven't Got a Clue

Death By Globalism

By PAUL CRAIG ROBERTS

http://www.counterpunch.org/roberts09012010.html

"The Krugman Keynesian school is just as deluded. Neither side in “The Great Stimulus Debate” has a clue that the problem for the U.S. is that a large chunk of U.S. GDP and the jobs, incomes, and careers associated with it, have been moved offshore and given to Chinese, Indians, and others with low wage rates. Profits have soared on Wall Street, while job prospects for the middle class have been eliminated."

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