On Wed, 11 Mar 1998, Anthony D'costa wrote:
> In a nutshell the US has the most "conducive" sets of institutional
> arrangements for the reproduction and expansion of capital in today's
> highly competitive world economy.
Says Wall Street. The downsized Main Streeters kaizening for Hyundai and
Siemens would have a slightly different opinion. It's important to
distinguish between the short-term flexibility of capital mobilization --
something which the US economy is indeed very good at (this used to be
called "gambling spree", but now we know better, don't we), and the
long-term valorization of that capital, something which East Asia and the
EU are past, present and future masters of.
-- Dennis
