From: Max More (max@maxmore.com)
Date: Sun Sep 01 2002 - 11:51:53 MDT
At 09:35 AM 9/1/2002 -0400, Ron h wrote:
> In the question I raised yesterday about England it is implicit that
>England did not reinvest in England resulting in idled workers remaining idle
>or under employed.
In Postwar England, the problem of transition was vastly worsened by
government subsidization of industries that the market "wanted" to let go
of, such as shipbuilding and steel. When the subsidies were finally removed
the result was a nasty but then necessary jump in unemployment putting a
much greater strain on the transition process.
Max
_______________________________________________________
Max More, Ph.D.
max@maxmore.com or more@extropy.org
http://www.maxmore.com
Strategic Philosopher
President, Extropy Institute. http://www.extropy.org <more@extropy.org>
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