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On 10/21/2010 1:28 AM, johnaimani wrote: > A social-democrat versus an Adam Smith libertarian. This last named > because, in addition to his "invisible Hand" pronouncements, at two > points (21:25 and 25:40) Schiff makes Smith's (Ricardo's, Marx's) case > that labor is the source of all value (esp profits). > > Was disappointed that Henwood only made the the Keynesian/Roosevelt case > for public works jobs. Further he conceded that small manufacturing > won't come back to the US. Why not? The advantage that emerging > nations have in this capacity is not a natural comparative one, it is > the result of the fact that labor rates are 1/10 or so that of the US. > There is no reason that we should not manufacture televisions, toasters, > computers, etc here and put our workers back to work. Why should they > be manufactured elsewhere when that implicits the added, and > unnecessary, burden of transportation costs? > > Where was the argument for communism? Full employment. Living wages > (until scarcity been overcome by the rise in productivity of an > unchained workforce). Capitalist Keynesianism, no matter how well > intentioned, if successful only recreates the conditions of our > wage-slavery. And then, only at a cost of a down-the-road and > exacerbated crisis, certain to follow, as the fiscal policies enacted > come into conflict with the internal dynamics of a system bent on its > own destruction. On this last see Grossman-The Law of the > Accumulation..." or Marx-"Capital Vol3" Chap XV, Sec 3. > Doug responds: When you're in a debate like that, you have to tune your rhetoric to the audience. The audience for the Real News includes a lot of fairly mainstream people. If I started talking like a Red, they would have stopped listening. I realize it may be offensive to revolutionary purists to do this, but don't forget: 1) even my social democratic agenda is way out of the realm of the possible in this crazy country, and 2) my interlocutor already thought I was a Bolshevik anyway (I'm not kidding). ________________________________________________ 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
