Date: Tue, 13 Feb 1996 12:55:49 -0700 From: Lisa Rogers <eqwq.lrogers-AT-state.ut.us> Subject: Re: The collapse of capitalism? -Reply Why bother to talk to someone who doesn't seem to know [or care] that over the last two decades in US the rich have got richer and the poor got poorer? That's by the US gov.'s own figures. This will be my only attempt to explain anything to Carnell. Then, delete on sight, I say. Don't look for some 'measure of the standard of living' to cling to for some shred of indication that, gee, the workers don't have it so bad. Maybe the last recession combined with an election campaign finally triggered a drop in interest rates, so that some of us that were paying very high rents could finally afford to buy a house. Don't expect us to be grateful and sing the praises of capitalism on that account. Notice that real wages are indeed dropping at the same time as the owners are getting richer than ever. Now consider that those two things are integrally related, i.e. what we are seeing is a redistribution of wealth, from workers toward owners. Duh. On Mon, 12 Feb 1996, Brian Carnell wrote: > > . . . But haven't we seen over the past few decades that even as real > wages have stagnated, for example, the standard of living has actually > increased for most workers. For example, while real wages in the U.S. have > been on a slight decline, measures of standard of living such as home > ownership, etc. have steadily increased. > > If anything it seems that capitalism is demonstrating that if left free of > government intervention it will provide an ever increasing standard of > living to the masses. --- from list marxism-AT-lists.village.virginia.edu --- ------------------
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