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Originally posted by SignyM:

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A friend of mine, a socialist and a trade unionist once told me that at it's core welfare is anti revolution insurance

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Well I agree with Fletch's friend wholeheartedly. But it seems that Fletch thinks that an increase in minimum wage is a form of welfare, not realizing that an increase in the minimum wage is ONE way to gain control.

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Always look upstream.

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Originally posted by SignyM:
2) what we have today is not a "free market". Because of economies of scale and the application of the military on behalf of owners (from the Pinkertons in the USA to the USA in S Korea) they have an overwhelmingly powerful position in the labor market. The tend is to force labor to work for cheaper and cheaper wages, or not to work at all.

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The only way to balance the negotiation is to create equal international structures that constrain the owners' power. This can be international unions, international labor accords, a series of national actions, or even revolution.

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Originally posted by SignyM:
Sarge, so what you're saying is change the law?

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In this book Keynes put forward a theory based upon the notion of aggregate demand to explain variations in the overall level of economic activity, such as were observed in the Great Depression. The total income in a society is defined by the sum of consumption and investment; and in a state of unemployment and unused production capacity, one can only enhance employment and total income by first increasing expenditures for either consumption or investment. ... The book advocated activist economic policy by government to stimulate demand in times of high unemployment, for example by spending on public works. The book is often viewed as the foundation of modern macroeconomics

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