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David wrote: But it was not the kinds of productive forces, technologically speaking, that had much to do with this, at least in my opinion. This massive world wide shift of capital investment caused far more unemployed than any school of technology. But this shift of capital investment abroad was made possible by technological advances. Computer technology provided a means to accelerate the process; it made global financial processes easier and quicker, and it provided a basis to simplify and automate industrial production, so that it could be broken down into distinct units located in different parts of the world. And for those production units which did not need technological advances, but benefited primarily from the availability of cheaper and more abundant labor abroad, computer networks still facilitated this process by providing a material basis for the more efficient movement of capital across national boundaries. Greg ________________________________________________ Send list submissions to: Marxism@lists.econ.utah.edu Set your options at: http://lists.econ.utah.edu/mailman/options/marxism/archive%40mail-archive.com
