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Econ 101 multiplier effect replaced by Ricardo's comparitive advantage.

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European Socialist Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Feb-28-05 11:20 PM
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Econ 101 multiplier effect replaced by Ricardo's comparitive advantage.
Isn't it strange how this basic idea that its good to keep production in one's own country has been shoved aside by Repuke economists for corporate profits sake.
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boneygrey Donating Member (651 posts) Send PM | Profile | Ignore Mon Feb-28-05 11:39 PM
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1. Link?
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Warpy Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Feb-28-05 11:45 PM
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2. It's time for a return to demand side economics
We now have a pipeline choked with goods and services and plenty of money at the top for investment in producing goods and services.

What we don't have is a market for them, thanks to artificially low wages, a disappeared middle class, and workers kept in artificial poverty in a land of plenty.
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boneygrey Donating Member (651 posts) Send PM | Profile | Ignore Mon Feb-28-05 11:56 PM
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3. Would you advocate
a tax cut for the lower tax brackets? (Not the ones who already don't pay any taxes, that makes no sense)
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applegrove Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Mar-01-05 03:34 AM
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4. They are doing demand side work. It is called WAR.
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rman Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Mar-01-05 04:31 AM
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5. They also replaced competition with monopoly, at least in practice
they did. Remember how capitalism was supposed to be good because it encourages competition, and how competition would be good for "consumers" because it drives prices down and quality up? We don't hear those arguments very often anymore in these times of mega mergers and takeovers...
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