Wednesday, June 6, 2012
Bribed. Whole national wage classes ?
We all recall the theory of revisionism was quickly given a spontaneous base
the bribed upper strata of the working class and their business unions
The source of the bribe ?
Super profits from overseas exploitation
Sweden is a nations worth of wage earners similarly bribed
Key
Smallness relative to the whole of the OECD
Imagine if Germany in 1993 had devalued as drastically as Sweden
" Since 1992, the Swedish share of exports in gross domestic product rose from about 27 per cent to 52 per cent today. Previously, that share moved in the range of 20 to 30 per cent. In the past four years alone, this ratio went up by almost 10 percentage points."
Moves like that for big players would lead to disruptions global slow downs and retrenchment
Yes the Brits pulled a similar deval but it's export recovery hardly looks like a German onslaught
An equal deval of the mark would have set off