BOOMERBUSTER

BOOMERBUSTER
OLD CELLO

Friday, December 10, 2010

RE OBAMA'S HOSTAGE DEAL KRUGMAN EDITORIAL

This is probably a fairly accurate depiction of the status.

It is typical of the kinds of small potatoes turnstile politics the US has been engaged in, since the beginning.

The difference is that it is winding down, now that there are no frontiers, or permanent hoards, of really cheap labor or materials, left to awkwardly and inefficiently and ever so gradually absorb.

Want a lot of good ole market competition:
Be careful what you wish for. Cf. Prestowitz'
Three Billion New Capitalists

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