it would be interesting to do a survey to see if these generalizations are true. Doug, aren't you usually empirically-minded?
On Dec 14, 2007 6:11 AM, Doug Henwood <[EMAIL PROTECTED]> wrote: > Marvin Gandall wrote: > > > Interesting, too, how a large part of the Marxist left echoes the > > Hayekians in objecting to any "bailout" of the banks - for reasons > > having to do not with revitalizing the system, of course, but of > > ending it. > > There are frequent affinities of this sort. Many, maybe most, > Marxists share the Austrian view of credit and state bailouts - that > easy credit and bailouts only postpone the inevitable crisis, and > ensure that it will be worse when it finally arrives. For both, > Keynes is the enemy (and gold the only authentic money). > > Doug > -- Jim Devine / "The conventional view serves to protect us from the painful job of thinking." -- John Kenneth Galbraith
