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Showing posts from March, 1996

Stagnant Incomes & the Politics of 1996

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by Kirt Sechooler                                                                                                                             Historic Note:  The Real Incomes of a Majority of Americans Has Been Stagnant since 1973. Stagnant Incomes and Republican Politics An article in a recent edition of a major metropolitan newspaper described how many of the current candidates for the GOP Presidential nomination, in a reversal of the party's previous position, were now beginning to acknowledge the fact that  the real incomes of a majority of Americans have been stagnant since 1973.  The fact that any politician changes his position is certainly not news, but the growing general realization that the standard of living for the majority of Americans has in fact been stagnant for over twenty years represents the confirmation of one of the most important themes in the model now being outlined in  The Millennial Files. This newsletter has  in previous files  proposed a model of econom

The End of Industrialism: The Contemporary Transformation of American Capitalism. March, 1996

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 The End of Industrialism and It's Organizational Structure by Kirt Sechooler                                                                                 March, 1996 News Note:  The New York Times, March 3, 1996, begins a week-long series entitled “The Downsizing of America.” The Historic Purpose of Industrialization Two hundred years ago, at the beginning of the American Industrial Revolution, the United States was a nation of approximately four million people, the overwhelming majority of whom lived in rural circumstances. Today the population of America stands at something over two hundred and sixty million, the vast majority living in and around urban centers. What made this massive trans-formation possible was the development, in the four technological cycles we have previously described, of  capital  as an economic factor  of production and the corresponding creation of a vast store of capital wealth. It is impossible to overstate the magnitude of this accomplishment. Cap