ifteen years ago that there has been a bitter, one-sided class war led by American capitalists fighting against labor, while labor, meaning labor bureaucrats, have been seduced by class-collaboration slogans. They're not fighting a class war. The effect of a bitter, one-sided class war is very evident. DB: The New York Times, in talking about the economic woes, says "There is little mystery about what caused the economic problems. The country is suffering a hangover from the mergers, rampant speculation, overbuilding, heavy borrowing and irresponsible government fiscal policy in the 1980s." How well did the Times and its brethren in the media during this period of economic dislocation and decline actually cover the events and give the American people information that they could act upon? The Times isn't in the business of giving the American people information they can act upon. They hailed the Reagan revolution and its achievements. There were sectors of the population that profited marvelously, including the corporate sectors, of which the Times is a part. They couldn't fail to see that there are social costs. You can't walk around New York City and not see that there are severe social costs, so they probably saw it too. But this was considered as a glorious period of success. There were people who were upset about it. Take a look at, say, Mondale's funding in 1984: a lot of it was from fiscal conservatives who were worried about the long-term effects to their own interests of this kind of mad-dog Keynesianism, wild crazed spending, and government stimulation of the economy through borrowing that was going on through the Reagan years. People could see that that was going to be very problematic for the economy. Take what's just happened in Chicago. The estimates of the costs of fixing those leaks in the underground tunnels might have been at the level of $10,000. They didn't fix them because they wanted to save the $10,000 as part of t...
