The 18% is a working-class phenomenon, due to de-industrialization and the elimination of low-skilled jobs.

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Even before the economy went south, however, Indiana was experiencing the sort of rapid de-industrialization that devastates working families and their communities.

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As world leaders meet in Copenhagen to consider drastic carbon emission restrictions that could require large-scale de-industrialization, experts gathered last week just outside Washington, D.

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Later Gandhi took steps to ensure such glorious scarcity: His economic program, such as it was, consisted of de-industrialization, withdrawing from technology and substituting the most inefficient labor methods.

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My position perhaps more clearly stated is that if all markets were clearing then phenomena such as: lack of educational improvement, globalization, de-industrialization, skew of technological improvement towards information technology, energy shortages, etc would show up in wages.

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What is absolutely fascinating is that if you dig a little deeper and look at the structural failures that are really holding back the Brazilian economy they are very (almost shockingly) similar to those that plague Russia: high taxes, insufficient investment, inefficient government spending, over-reliance on consumer spending, excessive government red-tape, unreliable courts, poor transport infrastructure, rent-seeking, persistent inflation, high interest rates, and (potential) de-industrialization.

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