Tuesday, April 28, 2009

The Fallacy of Supply Side Economics

Despite the proclamation of Say's "Law". Supply DOES NOT create its own demand. Sure, supply creates some demand, but the siting of production facilities based on the availability of cheapest resources (and) labo(u)r cause a crisis in Capitalism and especially the last generation of global exploitation and supply side foolishness. The additional costs of distribution and competition need to be factored in, as not so well. The lack of effective demand will not support the greed-driven "maximize your utils" insanity of Classical, neo-classical, Reagonomics, Lawrence Summers, Timothy Geithner, and the Yuppie scum.

We must start with a complete restructuring of the financial systems. I have outlined and explained this in relative laymens' terms, very concisely.

Notice, I never use the word reform any more, due to the reactionary behaviour that it elicits.

It is my hope that you will accept the basic tenets of the Peoples' Equity Union and work with me to see that such a revolution is implemented.

Thank you.

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