similar to Walter Daum's comment of on "state capitalism":
One critique of Keynesian policies is that it can short-circuit the
normal purgative effect of capitalist crises.
This can lead to the persistence of profit-rate-depressing
imbalances and thus a relatively permatnent crisis.
Of course "temporary" and "permanent" are always defined in
relative terms. (Nothing is permanent, after all.)
(except, I guess, the laws of nature, e.g., physics.)
in pen-l solidarity,
Jim Devine BITNET: jndf@lmuacad INTERNET: [EMAIL PROTECTED]
Econ. Dept., Loyola Marymount Univ., Los Angeles, CA 90045-2699 USA
310/338-2948 (off); 310/202-6546 (hm); FAX: 310/338-1950
