>At 01:51 PM 6/28/01 -0400, you wrote:
>>From Pat Bond to Mark Jones:
>>
>>> > Finally, the global problem capitalism faces is not
>>>over-accumulation, but a
>>>> capital shortage, desperate and bordering on famine.
>>>
>>>Ok, this one I will look forward to with interest, comarde.
>>
>>Aside from Mark, who else is today worrying about capital shortage?
>>(The business media used to worry about it a lot during the 70s,
>>which was revealed to be an absurd scare story -- capitalist
>>ideologues believing in their own propaganda for pro-capital
>>legislations like low taxes, balanced budgets, etc. -- by the
>>editors of _Monthly Review_; see "Capital Shortage -- Fact and
>>Fancy_ by the editors of _Monthly Review_ 27.11 [April 1976].)
>>Well, there's Rakesh Bhandari:
>
>it matters what one means by a "capital shortage." A falling rate of
>profit -- as from the 1960s into the 1970s causes a "capital
>shortage" in that high profit rates correspond to relatively high
>sources of capital funds (since the bourgeoisie is self-financing)
>and high incentives to invest those funds in fixed capital.
>
>Jim Devine [EMAIL PROTECTED] & http://bellarmine.lmu.edu/~jdevine
Profit rates have been restored by neoliberalism -- hence the boom
during the 90s whose tail end we may be experiencing now. Is that,
though, what Mark means by "capital shortage"?
Yoshie
