" Full employment capitalism will, of course, have to develop new social and political institutions which will reflect the increased power of the working class."
" If capitalism can adjust itself to full employment, a fundamental reform will have been incorporated in it."
" If not, it will show itself an outmoded system which must be scrapped"
some here suggest we "know" capitalisn can not make itself over
will not engineer perpetual full employment
in fact not even run a NAIRU line all the time policy
might we not inquiry ...why ?
if it means higher immediate profits ?
"we're currently producing around a trillion dollars less of value each year than we could and should be producing..... We're talking here about valuable products that could and should have been manufactured but weren't, wages and profits that could and should have been earned but never materialized. "
note wages AND PROFITS higher PROFITS thru keynesianism ...!!!!
are we simultaneously
cartooning board room motives
" short run greed heading ...anything goes
increase our immediate profits maximo
and contradicting this cartoon
with a myth
a vague image of higher capitalist guardians
possessed of a demonic super contextual
deeply long run class oriented
exploitation system preserving..... black magic wisdom ?