Hawking Up Hairballs

Wednesday, December 02, 2009

Paradigm Shift?

I'm not going to comment on the article to which I link below. I couldn't add anything of substance. It's a summary of the position of the economic historian, Robert Brenner, and I like what it says. His basic position is that the world economic system is not just suffering from a particularly bad economic slump, but that we are in the midst of a paradigm shift not unlike that from feudalism to capitalism. The article's a bit long, and it requires close attention, but it's worth it.



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