2008 Here we come…

January 8, 2008

I think 2008 will be a banger of a year.

I think there is a good chance we will be seeing a recession on the scale of the early 80’s.  I don’t rule out a 30’s style one either.

My liberal economic policy comes from an understanding that democracy will eventually call for socialism and even communism (no not the Stalinism…) and that if we want to avoid VERY hard times even a revolution in the future we need to slowly move in that direction.  The US has had domestic tranquility in spite of capitalism not because of it.  The reason we have been able to do it is because of exploitation of both the environment and the Third World.

E

And here it comes – Paul Krugman – Op-Ed Columnist – New York Times Blog

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