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View Diary: Structural Stupidity on PBS, Debunked by Krugman and Baker (123 comments)

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  •  This article illustrates the short-sightedness (5+ / 0-)

    of the "conservative-corporatists". Demand decreases when purchasing power decreases. I know that this sounds incredible, but when demand decreases, there's less capital flow through the economy and less profit for more corporations-- if we still have a consumer-driven economy.

    And-- as the middle class shrinks, so does the economy.

    So we can get the sense that there's no economic planning that would increase the middle class' numbers and purchasing power to drive a more healthy economy and increase profits for corporations and businesses dependent upon consumer spending.

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