tag:blogger.com,1999:blog-1110115832783903104.post6731536446644657679..comments2024-03-20T01:04:27.846-05:00Comments on Permanent Crisis: The crisis of neoliberalism in Europe (2)Unknownnoreply@blogger.comBlogger1125tag:blogger.com,1999:blog-1110115832783903104.post-82480020499987434772011-12-10T20:23:57.145-06:002011-12-10T20:23:57.145-06:00This is very helpful. I'd like to see you go ...This is very helpful. I'd like to see you go further on the idea that the continental model of neoliberalism relied on sovereign debt as opposed to consumer debt. I wonder if there's a way to quantify consumption in such a way to show more clearly that the increase in debt was causally linked to lagging demand. You might be able to use import/export numbers combined with gross output numbers to quantify consumption to show an increase in or at least constant aggregate consumption while the proportion of spending moved toward debt or away from individual consumers and toward states. There might problems with this approach both in getting the numbers and in the fact that you might not be able to show that public consumption <i>increased</i> over the last 30 years to make up for some household consumption deficit.Earl McCabehttps://www.blogger.com/profile/00385037345218807231noreply@blogger.com