On Wed, 4 Jun 1997, DDeBar wrote:

> ----------
> > From: Harry Veeder <[log in to unmask]>
> > To: [log in to unmask]
> > Subject: Re: [CHOMSKY] definition of capitalism, OVEE PRODUCTION
> > Date: Wednesday, June 04, 1997 1:47 PM
> >
> > On Wed, 4 Jun 1997, William Meecham wrote:
> >
> > > Comment below that over production caused the great depression;
> correct.
> > > More generally over production is the fatal flaw in capitalism, thus
> panics
> > > recession crashes, depressions.
> >
> > No, I disagree. The flaw is in the way money is both created and
> > distributed. There is no economic requirement that a consumers purchasing
> > power must be set by their employment in the system of
> > production. It is just a moral argument.
>
> Was it a moral argument in the Tulip Panic?
>

Perhaps I didn't express myself very well, but before I try explaining
again, can you tell me about the "Tulip Panic"? I have not heard of it.

Harry Veeder