Noam Chomsky claims that capitalism is state capitalism. He argues that without the existence of the state capitalism would not be thriving as it has.Much of the productive technology, he suggests, is a product of state research and investment. The countries that are relatively prospering economically are the ones that follow the US model of state-corporate capitalism: Japan and South East Asia along with parts of South America. The countries that cut back on state spending, following the IMF's advice, are the ones that have been in decline. He seems to believe that the capitalism of Das Kapital is an anachronistic artefact from the past. He never systematically follows his thesis up.
Paddy Hackett _______________________________________________ Marxism-Thaxis mailing list Marxism-Thaxis@lists.econ.utah.edu To change your options or unsubscribe go to: http://lists.econ.utah.edu/mailman/listinfo/marxism-thaxis
