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Good catch Andre.

To fully debunk the article would require several diaries so I'm just going to observe:

One must analyze the salary as purchasing power that you could not cut without sparking a deflationary spiral and thus higher unemployment.

is absolutely correct.  

Enough workers 'flexibiled' into poverty is a major cause of deflationary cycles.  See Great Depression, History of.

She believed in nothing; only her skepticism kept her from being an atheist. -- Jean-Paul Sartre

by ATinNM on Sun Apr 9th, 2006 at 12:44:57 PM EST
Let's add the number two quote from the textbooks:

It then suggests that the state subsidize jobs in the public sector: "We can seriously envisage this because our economy allows us already to support a large number of unemployed people."

New Labour's public-sector jobs programme (861,000 jobs created) really tightened up the UK labour market (at least in S-E England).

But what's sauce for the goose is apparently not sauce for the (propa)ganda...

by afew (afew(a in a circle)eurotrib_dot_com) on Sun Apr 9th, 2006 at 01:11:31 PM EST
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And visa-versa.

The privatization of British Rail in S.E. England has led to lower prices, an increase in services, and greater customer satisfaction!

Not.


She believed in nothing; only her skepticism kept her from being an atheist. -- Jean-Paul Sartre

by ATinNM on Sun Apr 9th, 2006 at 03:41:13 PM EST
[ Parent ]
That's actually a good pun, in my opinion.
by andrethegiant on Sun Apr 9th, 2006 at 07:14:41 PM EST
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