Reports from the Economic Front

a blog by Marty Hart-Landsberg

Nutritious Mud Cakes

The U.S. is not the only country struggling with jobless growth.  It is also a problem in South Korea.  Sadly, governments in both countries seem to be thinking along similar lines.

This cartoon appeared in the South Korean newpaper Hankyoreh.  It is entitled “Insufficient remedy for growth without employment.”

korea-economic-policy.JPG

The people at the bottom represent the more than 3.3 million South Korean workers who,  effectively unemployed, are left with no option but to eat mud cakes — they are among the victims of the country’s economic strategy that produces “growth without employment.”

The person speaking at the top is the conservative South Korean President Lee Myung-bak, who says, “I will put some nutrients into these mud cakes for you.”

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: