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What Sustainability?

I can understand why capitalists are opposed to democracy: the impulse of the masses is – usually – to redistribute some of the loot downwards to their own pockets and away from those who “earned” it. I suppose it all depends on what you mean by “earned”. I have a harder time understanding why some […]

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Signs of Life? Part 3

OK, let’s end the week with one last optimistic hurrah. Today’s employment report was pretty good. That’s probably less enthusiasm than you will sense in the way others are reacting, but I put today’s numbers in a longer term context. In which case they aren’t bad, but they aren’t exactly terrific either. The facts: The […]

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Signs of Life? Part 2

Yesterday’s reports of economic strength have been followed by a couple of similar reports today. We are spoiled by good news. Well sort of. The headline grabber will be the news that GDP grew 3.6% in the third quarter. If you recall, the first estimate had growth at a much lower 2.8%. This level of […]

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