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The reign of folly
The reign of folly
published: Thursday | October 2, 2008
Gwynne Dyer, Contributor
This is not the Crash of 1929 revisited, and we are not heading into a second Great Depression. No developed country this time round is going to face the 25 per cent unemployment rate that the United States experienced in the 1930s.
"Capitalists can buy themselves out of any crisis, so long as they make the workers pay," Lenin said, but it's more complicated than that.
The reign of folly
published: Thursday | October 2, 2008
Gwynne Dyer, Contributor
This is not the Crash of 1929 revisited, and we are not heading into a second Great Depression. No developed country this time round is going to face the 25 per cent unemployment rate that the United States experienced in the 1930s.
"Capitalists can buy themselves out of any crisis, so long as they make the workers pay," Lenin said, but it's more complicated than that.
The reign of folly