“Exploratory thinking on economic stagnation, non-traditional labor and points of strategic engagement” first appeared on PoliticalAffairs.net on May 28, 2014. Read it on PoliticalAffairs.net.
This article is based on a report to the National Board of the Communist Party USA.
Several months ago Lawrence Summers, a major economic thinker in establishment circles and leading operative in the Clinton and Obama administrations, in a short speech to the International Monetary Research Conference made some startling observations:
“We have all agreed,” Summers said, “… that a remarkable job was done in containing the 2007-2008 crisis; that an event that (was) worse than the fall of 1929 and the winter of 1930, ended up in a way that bears very little resemblance to the Great Depression.”