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To: Behind Liberal Lines; Miss Marple; an amused spectator; netmilsmom; Diogenesis; YaYa123; MEG33; ...

Capitalism-doomed ping to Today show list.


2 posted on 01/15/2007 6:10:36 AM PST by governsleastgovernsbest (Watching the Today Show since 2002 so you don't have to.)
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To: governsleastgovernsbest
Mr. Carroll should look up Kondratieff Waves.

The story I remember is that Lenin asked an economist, Nickolai Kondratieff, when capitalism would fail. An estimated date for a depression was given, but he made the mistake of saying "but it bounce back", and was sent off some place.

Any way, in a nutshell, Kondratieff had plotted economic and historical activity as measured at the time, and noticed a pattern of 80-90 year cycles.

19 posted on 01/15/2007 7:48:39 AM PST by Calvin Locke
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