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Economic systems come, and economic systems go. No economic system lasts forever. Capitalism is not likely to last forever, either. - Jim Stanford
" "Economic systems come, and economic systems go. No economic system lasts forever. Capitalism is not likely to last forever, either.
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About Jim Stanford
Jim Stanford is the resident economist for the Canadian Auto Workers and founder of the Progressive Economics Forum. He holds a Master’s degree in Economics from Cambridge University, and a Ph.D. from the New School for Social Research.
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This relationship is the foundation for the argument, made by some trade unionists and labour advocates, that high wages can actually be "good for business". The precedent set by Henry Ford in 1914, who offered workers $5.00 per day (a very high wage at the time) so they could afford to buy the same cars they made, is often invoked.
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