Wednesday, July 29, 2009

Lessons from Hard Times Past

Lessons from Hard Times Past
By Jeremy Brecher, Tim Costello and Brendan Smith
Znet, July 22, 2009

"We're all struggling with how to think -- and what to do -- in the face of the 'great recession.' An initial progressive response was to advocate better regulation; then Keynesian economic stimulus; now nationalization; perhaps in the future some kind of socialism."

"One theme that has reverberated through periods of 'hard times' in the past is the idea of 'production for use.' It has appeared in the form of public works job creation; worker run enterprises; self-help mutual aid; and efforts to push the envelope on property rights that prevent people from using the resources that are available to meet their needs. Today production for use may find new applications - including working to save the planet from climate destruction."

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