Thursday, November 11, 2010

UN Report is Causing Reverberations

First, it refutes mainstream Economics, and without attribution, makes the same observations of one Karl Marx. This blogger does a good job of pointing that out:

Second, it states that humans produce more stuff than they can afford to buy (I always had the feeling a lot of my job was make-work and we only have to put in 40 hours to
differentiate the deserving from the undeserving), and until now, the US has
bought most of that stuff (Americans being the Consumer of Last Resort). But since the richest Americans started hoarding all the wealth in the US, Americans will no longer be able to buy up all those exports from the rest of the world. So, the report warns all those developing countries to start sharing the goods.

The UN Report is here:〈=1

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