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Gunner Asch[_6_] Gunner Asch[_6_] is offline
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Default Starvation Wages

On Sat, 07 Sep 2013 09:39:19 -0500, F. George McDuffee
wrote:

On Thu, 29 Aug 2013 09:58:28 -0500, F. George McDuffee
wrote:

snip
If you want a third world society and culture, create a
third world economy. If you want a third word economy, pay
third world wages... Unka' George

snip

Although the above has been dismissed by several posters,
one of the characteristics of a third world economy is the
large unofficial or underground economy and increasing use
of barter.

The following article seems to indicate a large and growing
unofficial or underground economy in the US.

http://finance.yahoo.com/blogs/the-e...175850505.html

Interesting. Thanks!

Gunner

"The socialist movement takes great pains to circulate frequently new labels for its ideally constructed state.
Each worn-out label is replaced by another which raises hopes of an ultimate solution of the insoluble basic
problem of Socialism, until it becomes obvious that nothing has been changed but the name.
The most recent slogan is "State Capitalism."[Fascism] It is not commonly realized that this covers nothing more
than what used to be called Planned Economy and State Socialism, and that State Capitalism, Planned Economy,
and State Socialism diverge only in non-essentials from the "classic" ideal of egalitarian Socialism. - Ludwig von Mises (1922)