Relay-Version: version B 2.10 5/3/83; site utzoo.UUCP Path: utzoo!dciem!mmt From: mmt@dciem.UUCP (Martin Taylor) Newsgroups: net.politics Subject: Re: A Response to Jeff Myers Note Message-ID: <230@dciem.UUCP> Date: Fri, 27-May-83 14:48:04 EDT Article-I.D.: dciem.230 Posted: Fri May 27 14:48:04 1983 Date-Received: Fri, 27-May-83 14:52:48 EDT References: trw-unix.207 Lines: 20 =================== Let me end with a lesson from history. Laissez-faire capitalism is the only form of economy in history that has coincided with freedom and prosperity. The unending cycle of stagflation and recession that we have been suffering for nearly 20 years is a direct result of having abandoned such an economy. Prudence ucbvax!trw-unix!prudence =================== Prudence ought to try to live up to her name before making such sweeping statements about imaginary history. Laissez-faire capitalism has coincided with freedom and prosperity for a very few, misery and slavery for the very many. Furthermore, it is a very strange view of the last 20 years that calls it an "unending cycle of stagflation and recession!" Until the huge jumps in oil prices, things were doing pretty well, in my memory. The really bad problems didn't start until Reagan tried to destroy the US (and non-US) economies with such gusto. Martin Taylor