Or how about a deeper, underlying rationality-- profitability, and the ability to maintain, impose, and increase the extraction of profits by fracturing the organization of the workers? Nobody is as good as the US ruling class at doing that.
The stock market as a barometer of class struggle... -----Original Message----- >From: Jim Devine <[EMAIL PROTECTED]> >Sent: Jul 17, 2007 1:08 PM >To: [email protected] >Subject: Re: [PEN-L] Real estate bubble > >the "market" is irrational much of the time. > >> So why when there is a crisis such as this impending >> does the stock market continue to rise? The US dollar >> is losing against most other currencies, the US is >> wallowing in debt and mired in costly wars with no end >> in site. There is a housing bubble collapsing but the >> market is flying high still. >> >> Cheers, Ken Hanly >-- >Jim Devine / "The tooth fairy teaches children that they can sell >body parts for money." -- David Richerby
