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