[PEN-L:12985] Re: Re: The Internet Anti-Fascist: Tuesday,19 Oct 1999 --3:85 (#343)

1999-10-27 Thread Paul Kneisel

I am not exactly sure what particular issue(s) J. Devine was trying to make
in his response on this thread. I could perhaps accurately intuit or reason
through them, but it is easier and the results more accurate to ask him to
present them in a clearer form.

Too often -- especially on the net -- people too quickly present points
that are too ambiguous.

  --  tallpaul

PS: In answer to an earlier post I focused on "no free speech for fascists"
as those ideas might be held by lawyers outside the U.S. Constitutional
system. Actually, several important lawyers in essence argued that the
defamatory quality of fascist organizing is not protected by free speech in
the U.S. Those were the conservative 1952 Supreme Court which upheld
criminal group libel laws in: Beauharnais v. Ill., 343 U.S. 250 (1952).
There they held, in essence, that defamation, like obscenity was an
exception to the normal protections of free speech. In the meantime, I had
occasion to read of the David Irving case in Germany. Irving, a Holocaust
revisionist, was convicted under German law that was also essentially
"criminal group libel."





[PEN-L:12984] The Internet Anti-Fascist: Tuesday, 26 Oct 1999 -- 3:88 (#348)

1999-10-27 Thread Paul Kneisel



  See ftp supplements below for extended news coverage of KKK in NYC

__

The Internet Anti-Fascist: Tuesday, 26 October 1999
 Vol. 3, Numbers 88 (#348)
__

   STAY ISSUED FOR MUMIA

Judge William H. Yohn of the Federal District Court has just issued a stay
on the planned 2 December execution of Mumia.

This is to permit additional hearings to be held. The defense will submit
additional motions in December and the prosecution will then have two
months to respond. The stay does not mean that Mumia is free or even that a
new trial will be held. It simply means that no execution can even be
planned until some time in the year 2000.

--

 ACTION: BENEFIT FOR E. TIMOR AND CENTER FOR CONSTITUTIONAL RIGHTS

Thursday, October 28, 7:30 p.m.
Art Greenwich Theatre, 
97 Greenwich Ave. at 12th St., New York

Showing of the film "Punitive Damage" followed by a panel discussion with
Allan Nairn, Constancio Pinto, filmmaker Annie Goldson and attorney Beth
Stephens. Tickets are $25 and may be purchased in advance (via credit card)
or at the door. For inquiries or advance ticket purchases, please call
Meaghean Murphy, Center for Constitutional Rights; 212-614-6472  666
Broadway, 7th Floor, New York, NY 10012

Please make checks payable to the Center for Constitutional Rights.

--

   JOE HILL'S BIRTHPLACE BOMBED
   via kurt svensson (23 Oct 99)

Approximately at 1 am this morning a powerful explosion rocked Gaevle, a
middle-sized town in central Sweden.

The Swedish syndicalist union, SAC-Syndikaliisterna's local offices were
the target. The building housed not only the Local Federations and Industry
Secretary's offices but was also the birthplace of the well-known
syndicalist agitator, Joe Hill.

Joe Hill left Sweden and immigrated to the United States where he earned a
name for himself within the ranks of American syndicalist union IWW-
Industrial Workers of the World.

The explosion coincides with today's manifestations across Sweden and
Europe against fascist violence in response to the fact that a union
activist within the SAC, Bjoern Soederberg, was brutally assassinated by
three nazis on 12 October 1999. This fascist-aggression has stirred the
hearts and minds of  the Swedish working class, as well as that of unions,
organisations and groups across the globe.

KAMPEN FORTSAeTTER!

--

   100th BIRTHDAY FOR ARTHUR LEHNING, DUTCH ANTI-FASCIST
   via Joris Smeets (22 Oct 99)

Saturday 23 October Dutch anarchist Arthur Lehning will celebrate his 100th
birthday. This year at the age of 99 he won the P.C. Hooftprijs, an
important prize for writers in the Netherlands. Lehning was born in Utrecht
in 1899, studied history and economics in Rotterdam en finished his
education in Berlin, Germany. There he discovered anarchism through Russian
anarchists who had fled from the Soviet Union. He is one of the founders of
the International Institute for Social History in Amsterdam.

Lehning went to Catalonia during the Spanish civil war to support the
social revolution. In Spain the most important experiment in this century
with 'socialism without a state' took place, according to Lehning. He
published articles and a diary about the civil war. He is mentioned (in the
preface) as one of the readers of the manuscript of 'The Spanish Labyrinth'
(1943), the classic book by Gerald Brenan on the history of Spain before
the civil war. After WO II Lehning wrote an important study on Russian
anarchist Bakunin.

This saturday there will be an 'Anarchistiese Boekenmarkt' (Anarchist
Bookfair) in Utrecht, where the life and works of Arthur Lehing will get
some attention. He won't be able to be present.

'Arthur Lehning never changes his mening [opinion]'

---

   BLACK SOLIDARITY NOW MORE THAN EVER! 
  Black Solidarity Forum

The history of aggression--physical, psychological, spiritual, cultural,
and economic, against people of color by Europeans, from enslavement to the
end of the 20th century--has never stopped.  It is manifested in the many
incidences of police violence, racial profiling, and in the decaying status
of urban institutions--schools, hospitals, etc.  And it is clearly visible
in the unemployment rate that exists amongst African from the Diaspora. 
 
Monday, November 1, 1999 marks 30 years since the cry for Black Solidarity
Day was uttered.  It was a cry for Africans in the Diaspora to come
together regardless of their religion, politic

[PEN-L:12987] A rebuttal to that post

1999-10-27 Thread Stephen E Philion






This is the message I tried to send yesterday...
 
 Dear Bruce,
First of all, we all know and can take as a given that the Cuban 
Revolution did not, in 40 years, wipe out all vestiges of racism, 
that it is an ongoing process.  We've also observed that, not 
surprisingly, the sharp setbacks of the last decade brought about  
by the sudden demise of the Socialist bloc in E. Europe which had 
provided a buffer against the US blockade and provided relatively 
equitable terms of trade, and the resulting need to permit various 
elements of a "market" or capitalist economy, also had a sharp 
impact in social as well as economic terms, leading to increases in 
expressions of racism, sexism and other forms of defiance of the 
revolutionary norm.
 
But it's a long way from there to the statements and conclusions put 
forth in the article you sent me.
 
The article by Sidney Brinkley sounds so much like the slick stuff 
put out by the professional CIA disinformation hacks that it is hard 
to know whether this is just a seriously misinformed individual who 
brings his Americans-know-best attitude (which the Left is, sadly, 
often prey to) to Cuba or in fact someone who is paid well for what 
he is writing by the Right or by a government agency or corporation. 
I hesitate to venture a guess as to which,  since I don't want to 
point an unfair finger at someone if he is just mistaken, but I can 
certainly point out some discrepancies and some lines that will give 
you an idea as to why I am suspicious, and try to clarify or correct 
some of his misstatements.
 
1. " As with TransAfrica, the CBC delegation saw what Castro wanted 
them to see, talked with whom Castro wanted them to talk and came 
away with the 'facts' that Castro wanted them to know." 
That's one of the oldest lines in the book. For 30 years now I and 
others who write favorably about Cuba have been hearing and reading 
that description. If we weren't commie symps we were dupes. To some 
people, due to their arrogance or ideology, there is simply no other 
explanation why anyone would present an overall positive view of 
Cuba. In general, these attacks ignore or downplay any honest 
criticisms we may have made or the criticisms Cubans make of 
themselves which we have repeated, and focus exclusively on the good 
things we say in an attempt to deny them or to make them irrelevant. 
 
Needless to say, this form of attack is incredibly offensive and 
insulting to any intelligent, honest person who has not been led 
around by the nose, who is capable of thinking for himself or 
herself, and who has in fact talked with a wide variety of people of 
all opinions, colors, and walks of life. 
 
Since Mr. Brinkley was not here with either of the two delegations 
he claims were so docilely led around, one wonders where he got his 
information, on what he bases his allegations that they saw and 
talked to no one other than who and what Fidel Castro wanted them to.
Isn't he just taking this for granted based on his disagreement with 
their conclusions?
 
I happen to know for a fact, for instance, that the Congressional 
Black Caucus delegations that have been here have each had more than 
one meeting, formal and informal, with the US Interests Section 
chiefs and with the only African-American officers of the section. 
Certainly they were not hand-chosen by Fidel Castro, and you can be 
sure the Black Caucus got an earful of negative comments very 
similar to what Sydney  wrote. It's part of the official line.
 
2. Mr. Brinkley is similarly upset that Randall Robinson "lambasted 
the U.S. government embargo, saying it was the sole blame for the 
plight of Afro Cubans. There was no mention of the role the Cuban 
government plays in that suffering, and they do indeed play a part. 
Castro is invariably portrayed as victim but Castro is also 
victimizer."
 
Nowhere does Mr. B. actually give us evidence of Mr. Castro as 
"victimizer". There is a big difference between contending that the 
Cuban Revolution (which superficial writers or those with an ax to 
grind usually personify in the name of Fidel Castro) has not been 
able to eliminate in 40 years all vestiges of the 500-year history 
of racism it inherited, and saying that Fidel Castro himself 
"victimizes" Blacks. Especially when he has quoted Fidel himself 
acknowledging that the Revolution has not done enough and should do 
more.
 
At what point do we jump from not having performed the miracle of 
eliminating all vestiges of racism to being the "victimizer" of 
Black Cubans?
 
3. Mr. B. is also upset because Mr. Robinson's "criticisms" didn't 
go far enough when he said that "Cuba has a one-party system and 
suppresses dissent", because Mr. Robinson qualified that comment by 
the (unarguably true) statement that "it still has a better record 
with respect to human rights than many Latin American governments 
the United States has steadfastly supported". I would in fact go 
much further than Randall Robinson 

[PEN-L:12986] Blacks in Cuba

1999-10-27 Thread Stephen E Philion

This was forwarded to me from somewhere. Any comments from pen folk?
Steve

Subject: A previous article and rebuttal which did and did not appear in BRC..

Hi Dave,

I don't know if I sent you or if you read the following, but the rebuttal 
that was sent to me from Karen is excellent..

Bruce


http://www.blacklightonline.com/cubaracism.html

Racism in Cuba and the Failure of the American Left

by Sidney Brinkley <[EMAIL PROTECTED]>

"All citizens have equal rights and are subject to equal duties.

Discrimination because of race, color, sex or national origin is

forbidden and will be punished by law."

--The Cuban Constitution 1959

"I think we should see more black representation in the higher positions

of leadership now. In the middle leadership, for example, in the youth

organizations. This is a social problem we have not resolved. But there

are economic problems that are critical at the moment, so it's difficult."

--Fidel Castro, "Crossroads," October 1993

"What impressed me the most [about the meeting with President Fidel

Castro] was the way in which his grounding in the history and reality of

Afro-Cubans informs his view of Cuba; the sense of personal outrage he has

over racial discrimination; and his willingness to be critical of how the

revolution has not done all that must be done about racism and therefore

the resolve to figure out what must be done."

--Dr. Johnnetta Cole, "The Cuba Report," TransAfrica Forum, January, 1999



The TransAfrica Forum delegation, comprised of fifteen prominent

African-Americans, arrived in Havana on January 2, 1999, to begin a five

day "fact-finding" visit which concluded with a three hour meeting with

Cuban president Fidel Castro. In addition to Dr. Cole, the delegation

included Drs. Alvin and Tina Poussaint, author Walter Mosley, actor Danny

Glover and Randall Robinson, president of TransAfrica Forum. The visit was

described as a "watershed" event.

It's no surprise the Dr. Cole would be "impressed" by her meeting with

Castro. The American Left are overwhelmingly impressed by Castro,

sometimes to a fault. In the Cuba Report that followed the visit,

TransAfrica praised the Cuban government for it educational system, its

universal health care, its low infant mortality rate.

Following close on the heels of the TransAfrica visit, a six member

delegation from the Congressional Black Caucus, led by CBC chair Rep.

Maxine Waters (D-CA) arrived in Cuba on February 17, for its own five day

fact finding tour. "We have come with our minds open to study the impact

of the embargo on the Cuban population," Waters said. "We hope to exercise

some leadership, even a modest amount, in the future debates on a

resolution about U.S.-Cuban relations."

On February 19, the CBC delegation met with Castro for six hours. As with

TransAfrica, the CBC delegation saw what Castro wanted them to see, talked

with whom Castro wanted them to talk and came away with the "facts" that

Castro wanted them to know.

In the July 1999 issue of "Essence" magazine Randall Robinson authored a

simplistic article titled "Why Black Cuba Is Suffering." He lambasted the

U.S. government embargo, saying it was the sole blame for the plight of

Afro Cubans. There was no mention of the role the Cuban government plays

in that suffering, and they do indeed play a part. Castro is invariably

portrayed as victim but Castro is also victimizer but that's a fact that

Robinson and most of the Left prefer not to acknowledge.

Robinson offered a qualified criticism of Castro's Cuba. "While Cuba has a

one-party system and suppresses dissent, it still has a better record with

respect to human rights than many Latin American governments the United

States has steadfastly supported," Robinson wrote. What kind of reasoning

is that? I would imagine the political prisoners languishing in Cuban

jails would find little comfort in that statement. The same people that go

ballistic over human rights abuses in China, go mute when it comes to

Castro's human rights abuses in Cuba.

Cuba has a population of over 11 million people. Approximately 60% are

Black. However, while the Cuban constitution declares everyone equal,

Cuban society is stratified by race and color of skin. Viewed as a

pyramid, White Cubans are at the apex, mulattos or mixed race are in the

middle and Afro-Cubans are at the bottom. The same position they occupied

before the revolution.

There are virtually no Afro-Cubans found in the hierarchy of the Cuban

government. And they are not found anywhere else in anything close to

their numbers in the population. When it comes to addressing Cuba's

entrenched racism Castro plays the American Left like a fiddle. He knows

that all he has to do is acknowledge the sorry fact and that will be

enough to impress the Left. That Castro has done nothing to correct it is

overlooked.

The truth is, the Black majority is being ruled by the White minority. If

that wasn't acceptable in South A

[PEN-L:12983] RE Brenner Book

1999-10-27 Thread Rod Hay


And in my thesis I defined overinvestment as an increase in productive 
capacity beyond what reasonable projections of the increase of demand would 
justify.



Jim Levine wrote:

The way I defined "overinvestment" in my dissertation (UC Berkeley, 1981)was 
terms of investment in fixed capital going too far relative to what 
thecapitalists as a class would desire, depressing the rate of profit 
relativeto the maximum given technical and societal conditions. The low rate 
of profit depresses aggregate demand (cet. par.) and causes unused capacity.

Rod Hay
[EMAIL PROTECTED]
The History of Economic Thought Archives
http://socserv2.mcmaster.ca/~econ/ugcm/3ll3/index.html
Batoche Books
http://members.tripod.com/rodhay/batochebooks.html
http://www.abebooks.com/home/BATOCHEBOOKS/




__
Get Your Private, Free Email at http://www.hotmail.com





[PEN-L:13004] Re: Business Week confirms the labor theory ofvalue

1999-10-27 Thread Charles Brown

Is that a 168 % rate of exploitation ?

CB

>>> michael perelman <[EMAIL PROTECTED]> 10/24/99 06:39PM >>>
Berman, Dennis. 1999. *What's a Worker Worth?* Business Week (11
October): p. F 4.
*What's the true measure of Man?  Before you wax philosophical, glean
some practical wisdom from Jac Fitz-enz.  His company, Saratoga
Institute, devises systems for measuring human capital -- in other
words, how much economic value employees contribute to their
businesses.  One of his favorite formulas is what he calls the "human
capital return on investment," which calculates dollar-for-dollar
profits against pay and benefits.*
*On average, companies of fewer than 500 employees sock away $1.68 in
profits for each dollar in pay and benefits. "All assets other than
people are inert," argues Fitz-enz.  "They don't add any value until
they're leveraged by a human being*."


--
Michael Perelman
Economics Department
California State University
Chico, CA 95929

Tel. 530-898-5321
E-Mail [EMAIL PROTECTED] 





[PEN-L:12980] Skip Gates in Africa

1999-10-27 Thread Louis Proyect

The widely anticipated PBS TV "Wonders of the African World"
(http://www.pbs.org/wonders/) series began on Monday night. Hosted by Louis
Henry (Skip) Gates, director of the African-American Studies department at
Harvard, the two shows I've seen so far seem a curious mix of genuinely
interesting historical and cultural insights and Gates' painful almost
neurotic grappling with the problem of African racial identity.

Monday night's first episode focused on the Nubian Kingdom and the Swahili
trading centers of East Africa. The descendants of the Nubian kingdom now
live in the territory that overlaps southern Egypt and northern Sudan. They
are ethnically related to sub-Saharan peoples, who Gates refers to
repeatedly as his ancestors. He is proud of the fact that black Pharaohs
ruled over all of Egypt for over a century. In the ancient city of Meroe he
wanders through ancient ruins focusing his flashlight on the African
features of wall painting subjects. By the same token, he is anxious to
blame the Arabs of Egypt for flooding the Nubian valley as a consequence of
Aswan Dam construction, thereby making archaelogical riches lost to
history. He keeps pressing people who were displaced by the flooding to
condemn the "racism" of the Nasser regime, but they firmly uphold some of
the social gains that the dam produced.

Cultural travelogue mixed with racial introspection continues as Gates
makes his way down the east coast of Africa. The Swahilis are historically
the ethnic result of inter-marriage between Arab traders and the local
African population. When a citizen of Mombasa refers to himself as an
"Arab", Gates chuckles and comments to his PBS viewers that the man looked
like Mike Tyson rather than any Arab he'd ever seen. In Zanzibar, he finds
that many local denizens insist that they have Persian roots. In the
Swahili world, many of the more privileged layers possess carefully
researched family trees that are valued for their ability to find
non-Subsaharan origins. Gates compares this to the racial inferiority
complex that causes some African-Americans to refer to their Cherokee or
Seminole roots. I found it sad that Gates is incapable of transcending
these kinds of "blood" symbols and to focus more on what unites people who
have been victims of power and greed.

Last night's episode took Gates into Ethiopia where the issue of racial
identity--thankfully--did not play much of a role. The Ethiopians not only
were never conquered by an outside ethnic group--hence making intermarriage
a moot point--they seem refreshingly oblivious to racial identity
questions. Gates did manage to grill a Falasha, or Ethiopian Jew, about his
Jewish authenticity. Did he speak Hebrew? Did he want to go to Israel? The
youth was clearly uncomfortable with Gates's line of questioning. The best
part of this segment was the photography of the Ethiopian interior,
including the ancient city of Maxum. I imagine that a history of Ethiopia
would make for some gripping reading, since the country has such an unusual
past.

>From Ethiopia Gates travels deep into the heart of the slave trade region
in Dahomey, where his angst pours out in huge buckets. It turns out that
Africans were deeply involved with the slave trade. He tracks down the
descendants of a Brazilian slave trader who had over a dozen African
concubines and over a hundred children. They revere him as a esteemed
ancestor, but Gates can barely contain his disgust at his African brethren
who sold his own relatives into slavery. He walks along the beach with a
woman of Benin, who belongs to this family, and interrogates her. Don't you
feel bad about what you did? She frowns and says that yes, she does. 

What this show leaves out entirely is the political economy of slavery. For
that you have to go to Basil Davidson. It is too bad that PBS could not
find anybody more qualified than Gates to write and direct a show like
this. I am sure that Manning Marable could have done a much better job.
Upon reflection, that's why Petroleum Broadcasting System must have chosen
Gates. Despite the show's obfuscations and Gates's hand-wringing, I urge
folks in the US to watch it. Tonight's episode (5 of 6) deals with "The
Road to Timbuktu/ Lost Cities of the South." All the episodes will be
repeated this Saturday.


Louis Proyect

(The Marxism mailing list: http://www.panix.com/~lnp3/marxism.html)





pen-l@galaxy.csuchico.edu

1999-10-27 Thread Charles Brown

I agree with Yoshie. Another pattern is that liberals, anarchists and 
non-descript/generic leftists have a dogma that they are less dogmatic and 
authoritarian than Marxists. They confuse dogma with any discipline or certainty.

CB

>>> Yoshie Furuhashi <[EMAIL PROTECTED]> 10/26/99 09:40PM >>>
Jim D. wrote:
>We should also note that any kind of dogmatism -- including Marxist
>dogmatism -- represents a "widely corrupting" force.

The problem is that the definition of dogmatism is basically subjective, as
most people use the term.  When someone holds forth what we think of as a
wrong or incorrect position, we say, "he's dogmatic."  When someone's view
agrees with ours (even if it is expressed with a sense of certitude & even
worded in a way that may be off-putting to others), we say, "right on,
brother!"  And noone notices his or her own 'dogmatism.'  We only notice
'other people's dogmatism.'

Yoshie





[PEN-L:13002] The Internet Anti-Fascist: Tuesday,19Oct 1999 -- 3:85 (#343)

1999-10-27 Thread Charles Brown



>>> Jim Devine <[EMAIL PROTECTED]> 10/27/99 11:41AM >>>
tallpall says:
>In this sense we can argue that the Klan is a criminal conspiracy and that
>a Klan rally is another form of organizing for that conspiracy. In this
>case, neither issues of speech or assembly apply.

Not being one who trusts the capitalist state, I fear that they will use 
this logic to decide that leftist organizations are "criminal conspiracies" 
and use their repressive power (Guiliani's police, the FBI, etc.) to 
repress the Left.

(

Charles: The contradiction in this argument is that you are trusting the capitalist 
state when you expect leftist organizations' 1st Amendment rights to be respected by 
the capitalist state just because the capitalist state is not treating the KKK as a 
criminal conspiracy. 

Basically, you are saying, I don't want the capitalist state to treat the KKK as a 
criminal conspiracy , because if it doesn't treat the KKK as a criminal conspiracy, I 
can trust the capitalist state to be "consistent" and also not treat leftist 
organizations as criminal conspiracies. Whence your source of trust in the capitalist 
state to trust them on that ? I distrust the capitalist state so much that I expect 
them to respect KKK rights and disrespect leftist rights, as they have throughout 
actual history.
Why does the capitalist state's refraining from treating the KKK as a criminal 
conspiracy make you trust that it will not treat the left as criminal conspiracies ? 
Especially when historically the capitalist state has never treated the KKK as a 
criminal conspiracy , but regularly has treated left organizations as criminal 
conspiracies. What's new that changes that ?



Jim:
Oh, they already did a lot of that, as with the Red Scares (Wilson-Palmer 
and Truman-McCarthy being the most famous) and the COINTELPRO against the 
Black Panthers. Not to mention the Philadelphia Police's strategic bombing 
campaign against MOVE.

Charles: By the way, the Panthers were not tried in court for their politics in 
violation of their First Amendment rights. The police acted as outlaws in attacking 
the Panthers.  In the other cases, communists were tried in court for political 
beliefs and speech.



Jim:
But those cases are ancient history, aren't they? Now that we've got a 
Democrat in the White House (like Wilson and Truman before him), the legal 
profession has come to its senses, and the courts have been packed with 
rational people, we can trust the state to repress only those forces which 
truly threaten "the public interest" (as we on the Left define that 
phrase). With a large and militant left-wing movement on the streets, we 
can make sure that the state lives up to its promises...

Of course, that's a pipe dream  (a metaphor that take on new meaning when 
we realize  that the state is much more repressive toward those who smoke 
cocaine using a pipe). The point is that we shouldn't take legal 
formalities too seriously. Though if I were in court, I'd take the 
formalities as seriously as possible in order to get off, the legal system 
reflects the power of capital when there's little or no countervailing 
power from the people.

Charles: Here you get to the crux. Do you or do you not believe that the Left's 
speaking out in favor of KKK rights today will translate into an argument that works 
in court when the Left is brought in ? Do you trust that analogy to work with a real 
capitalist state court ( which otherwise you say you can't trust in general) when you 
or another leftist is charged with a crime in violation of your First Amendment rights 
? If you really don't think we should take legal formalities seriously,  why does your 
argument for supporting KKK rights so critically rely on a legal formality - the 
analogy between KKK and Leftist First Amendment rights  ?

CB





[PEN-L:12976] The Stock Market

1999-10-27 Thread Louis Proyect

Concluding paragraphs of "The rise and rise of the Dow" by Ibrahim Warde

(http://www.monde-diplomatique.fr/en/1999/10/?c=12warde)

The sacred rule that the price of a share is determined by the company's
profits is therefore being challenged, especially in the case of companies
involved with the Internet. How, indeed, can you evaluate the price to
earnings ratio of a firm whose turnover is insignificant and profits
non-existent? The answer is circular and tautological: the market is the
only judge of a share's value. On that basis, the flagship company of the
Internet economy, the virtual bookseller Amazon, is worth more than all the
major American bookseller chains together, but has yet to make a profit.
And the day after its floatation, Priceline.com, which sells cut-price
airline tickets, was worth $11.7 billion, more than any airline.

In short, the value no longer depends on underlying objective data but on
public infatuation. This makes accumulated losses almost attractive because
they can mean that the company is investing to carve out a lucrative niche
for itself, accelerate change or get a few laps ahead of its competitors.
In other words, to become the Amazon of tomorrow.

Gurus and charlatans are doing well out of this new gold rush. Extravagant
promises and superlatives feed the speculative fever. In this virtual
world, words often count for more than things. A company only has to add
the suffix ".com" or the prefix "e-" to its name for its stock market value
to soar (11). "Cybersquatting" (reserving an Internet address in the name
of a basic product or a well-known company or personality to sell on at a
high price) is all the rage. The designation "drugs.com" was bought for
$824,000 by a company that wants to make it the address of a portal site
for pharmaceuticals. New Internet companies are also taking advantage of
massive stock market valuations to make major acquisitions. Yahoo! (whose
shares have gone up in value 250 times in one year) has just paid $5.7
billion for Broadcast.com, a company with a turnover of no more than $22
million and with losses of $16 million -- "a paper transaction representing
virtual value for a virtual industry" (12).

Could this gigantic house of cards be blown away at any time? Periodically,
the chairman of the Federal Reserve continues to voice his fears. And in
its annual report on the US economy, the International Monetary Fund refers
to the risk of a "sudden and substantial collapse" in the stock market. The
similarity between the celebrity share America Online and that of Radio
Corporation of America (RCA), which rose from $1 to $573 between 1921 and
1929, is quite striking: both are the companies most typical of the new
technologies of their respective eras (13).

Are we heading for a repeat of the 1929 scenario? The most optimistic are
confident there are plenty of safeguards in place. Then, the markets were
almost unregulated, since the stock market policeman, the Securities and
Exchange Commission (SEC), did not see the light of day until 1934. It was,
for example, possible to buy shares by paying only a 10% deposit (the
minimum is now 50%). But with market deregulation, speculative funds like
Long-Term Capital Management have invested on the basis of a capital to
debt ratio of 1/100 (14). And false rumours, outlawed by 1930s legislation,
have assumed an unprecedented scale thanks to the Internet.

But the most worrying aspect remains the growing part of the real economy
held by the financial economy. While stock market capitalisation accounted
for only 50% of America's gross domestic product in 1988, it is now over
150%. The stock market portfolio now represents 25% of the average
American's assets, as against only 8% in 1984 (15). In 1997, 43% of adult
Americans invested on the stock market, compared with 21% in 1990. Their
stock market investment trusts totalled $13 billion in 1990. The present
sum is $231 billion (16).

The media are full of stories of good fortune. The street sweeper who asked
to be paid in the shares of a "start-up" and became a millionaire the day
the company was floated. The humble secretary who retired in luxury thanks
to a system of stock options. Captivated, some Americans are giving up
their jobs to become "day traders" - devoting all their time to
speculating, monitoring the performance of their stocks and shares minute
by minute. Taxi drivers and hairdressers share their theories and
recommendations with their customers. And the singer Barbara Streisand
unveils the secrets of her successful stock market portfolio to the
financial journals.

It was thinking about a similar infatuation that enabled Joseph Kennedy
(father of the assassinated president) to avoid financial ruin. One morning
in 1929 his shoe-shine boy gave him an investment tip. The seasoned
speculator reasoned that if the shoe-shine boy knew better than he did,
there was something rotten in the world of finance. The same day, he sold
his entire stock market 

[PEN-L:12974] An Argentinian comments on the FT article

1999-10-27 Thread Louis Proyect

El 26 Oct 99 a las 14:49, Louis Proyect nos dice(n):

> 
> ARGENTINA: Victory for low-key conservative 

It is interesting to note that language itself can 
brilliantly cover up the main trait of a politician from 
the very title of an article.  What is essential with De La 
Rua is not his conservatism but his basically anti-national 
cast of mind. The Argentinian conservatives were the 
degraded heirs of the right wing fraction of the Generation 
of 1880, and they ruled the country through violence and 
fraud between 1930 and 1943.  They were opposed by the 
Radical party to which De La Rua belongs (and betrays) 
during what we know here as the Decada Infame. These years 
were characterized by direct state intervention in economy 
to defend the interests of the landed oligarchs and the 
British enterprises in Argentina. The Radical party, by 
those years a popular party, was slowly coopted into 
acceptation of the colonial status of the country thanks to 
the policies devised by Alvear, its leader after the great 
popular caudillo Hipolito Yrigoyen (ousted by the 1930 coup 
that set the Decada Infame in motion).  The Radical Party 
of our times is the degraded version of that already 
degraded Radical Party of the early 40s that had been 
incorporated to the arch of the parties acquiescent with 
imperialist domination of Argentina. In fact, these 
Radicals of the late 40s (still to the "left" of De La Rua, 
certainly) were somehow less patriotic than many 
Conservatives in the sense that their wishy-washy 
liberalism implied rejection of sate intervention in 
economy (if such a thing as "economy" could be infused in 
the wooly and bland ideas that passed for an ideology of 
this party mainly composed by lawyers).  Many of these 
Conservatives, forming up the bulk of the state apparatus 
in many inland provinces (Santa Fe is one of the most 
interesting cases) helped build up Peronism in alliance 
with the workers at the industrial centers, against the 
petty bourgeois Radicals who, World War propaganda in the 
middle, had already become mere mass of action of the 
imperialist American Ambassador Spruille Braden in 1945.

De La Rua is not a "low-key conservative".  He is a nulity 
who will lean to the right in the measure that the 
inevitable crisis deepens.  He is a perfect candidate for 
imperialists, who are advancing on what remains of 
Argentina roughshod (I have happened to have in my hands 
some stationery of the French Embassy, belonging to the 
Bureau of Economic Expansion in Argentina (!), and have 
discovered that the Bureau _shares the logo_ with the French 
managed Telecom Argentina!). It is true that he means a 
change 
> in a country that has long favoured flamboyant
> strongmen. Whether it will be enough to restore
> international investors' faith in Argentina's economic
> prospects is less clear.

That is, "we have finally got the Argentinians into the den. 
They could not find some politician who would synthesize 
the strength of the country and we have forced on them a 
Mr. Nothing, who will do whatever we like. But perhaps this 
will not be enough for us!"

> 
> In the short term, things are improving. Mr de la Rua's
> commitment to stability and the peso's one-to-one peg to
> the dollar are beyond question. 

What is beyond question is how long will this peg may last. 
I have stumbled upon a few figures that toll for the 
parity, which I hope I can post within a few days.

> His fiscal stance may be
> even tougher than his predecessor's - necessarily so,
> since Argentina's budget deficit will rise to about 2.5
> per cent of gross domestic product if left untamed. The
> new government is expected rapidly to announce spending
> cuts and tax increases that should win warm praise (and
> possibly more money, if needed) from the International
> Monetary Fund. Happily, the economy appears to have
> bottomed out, though it will still shrink by 3-4 per cent
> this year.

Yes, the problem (and the reasons for suspicion in the 
international usury) is that this will imply further 
boosting the unemployment rate. What will happen with the 
voters of De La Rua then?

> 
> But the long-term outlook is less bright. Without an
> absolute majority in Congress and two-thirds of the
> provinces controlled by the defeated Peronists, Mr de la
> Rua may have trouble pushing through necessary labour and
> tax reforms. 

Interesting. Even after Menem, Peronism is observed by the 
international finance as a possible bulwark for the few 
remaining workers and their rights. This is what De La Rua 
himself can't fail to see. Will he repress us?  This 
program will not go ahead without blood "democratically" 
shed:

> A new revenue-sharing agreement with the
> spendthrift provinces is also needed. Yet without
> structural progress, Argentina will find it harder to
> persuade investors to stump up $17bn next year to cover
> its external financing needs. Meanwhile, with a tightening
> fiscal policy and no flexibil

pen-l@galaxy.csuchico.edu

1999-10-27 Thread Carrol Cox



"William S. Lear" wrote:

> kI don't entirely agree.  I don't think it is "basically subjective",
> though I do think it can be.  Rush Limbaugh is clearly dogmatic on
> numerous topics,

Calling Rush Limbaugh dogmatic exhibits exactly the subjectivity and
loose usage which led Yoshie to call the charge a subjective one. If
someone is wrong, say she is wrong and say why. "Dogmatism" in
your sense of the word (and it is the usual sense) turns the label into
a mere bit of personal abuse, and if replied to in kind on a maillist
would almost always ignite a flame war.

In traditional marxist practice, dogmatism is a label applied in internal
criticism. (I'm leaving it undefined for a moment, but I do *not* mean
stubbornness, ignoring of facts, stupidity, intensity of belief, etc.) Dogmatism

separates leadership from rank and file, the party from the class. One
does not care if one of the wrong-headed sects engages in dogmatism:
the  more they isolate themselves the better. One cares if those whose
politics one shares are dogmatic.

Dogmatism is a mistake in how an individual, a collective, a party relates
theory to practice. Since a maillist is an essentially individualist practice,
and since there is no way of unifying theory expressed on a maillist with
a collective practice, the charge of dogmatism is usually fairly silly and
exhibits only the irritability of the person making the charge.

Even when the charge is quite probably accurate, on a maillist it is usually
better not to use it. For example, over on the marxism list there is someone
who sits in Dublin and announces bluntly that the war in Columbia is
a civil war between factions of the bourgeoisie, that FARC and ELN
(he joins the two: FARC/ELN) are petty bourgeois nationalist groups,
and that the whole struggle is of no interest to real revolutionaries. Now
the main thing about this position is that it is just plain wrong. To call
X a dogmatist (though he probably is) is no more useful than calling
him a shithead (which he may or may not be). And there is even a
negative result of labelling  the view dogmatic rather than simply
wrong: such a charge (even in the privacy of *your* [the reader
of this post} mind has the flavor of "Thank you lord that I am
not a sinner" or of other catchphrases of bourgeois smugness.

Take another example. I hope I didn't use the term in the debate
with Lou Proyect and Jim Blaut over the origins of capitalism --
but because I mostly agree with the politics of both (and agree
with their seeing eurocentrism as extremely dangerous political
error) I would have been in a position to use that label. Those
who, disagreeing with them, used the label would have been
merely indulging in their own sense of superiority to the struggle.

(The CPC saw dogmatism, sectarianism, commandism, etc. as
errors in the style of work. That is a very useful classification, and
keeping it in mind can remind one of the inappropriateness of such
charges in isolation from practice. In fact it occurs to me just at
this moment that the use of such charges in isolation from practice
is itself an excellent example of dogmatism: it assumes that an
abstract definition of "the dogmatic" can be applied directly to
practice -- but the relationship between dogmatism and practice
is much more comples than that. So I think in addition to Yoshie's
charge of "subjectivism" I will add the charge of  reductionism to
the list or errors committed in the name of combatting dogmatism.)

Carrol

P.S. Anti-communists often used "dogmatic" as a dyslogistic synonym
for "principled." For example, when I urged that the campaign for
abortion rights was ill-served by making its slogan "Choice" rather
than Right to Abortion on Demand, at least one poster assumed that
I did this not on the basis of my judgment (correct or incorrect) that
the latter slogan was in fact more practical but that I had merely
subordinated the needs of women to a dogmatic communist principle.
One can see a similar thread of red-baiting running through the debates
on Yugoslavia and East Timor.





[PEN-L:12982] Re: Re: Re: Re: Re: Brenner Book

1999-10-27 Thread Jim Devine

I wrote:
>>I was talking about the theoretical stuff at the beginning about the
>>importance of fixed capital. Brenner's basic point is  that the existence
>>of fixed capital messes up the standard story about disequilibrium
>>adjustment. Overinvestment may lead to exit in the long run, but in the
>>reasonable short term, it implies depressed profits.

Brad writes: 
>But how long can this "reasonable short-term last"? Five years? The 
>productivity slowdown has (so far) been a twenty-five-year long event 
>during which total GDP worldwide doubled. Surely any "overinvestment" 
>as of 1973 has long since been absorbed by growth...

I'll let Brenner's book make his own argument, except to note that in his
view the unused capacity encourages competitive behavior that encourages
further overinvestment.

>But then, I'm a Keynesian. I have never seen a situation of 
>overinvestment or overcapacity, only situations of deficient demand...

The way I defined "overinvestment" in my dissertation (UC Berkeley, 1981)
was terms of investment in fixed capital going too far relative to what the
capitalists as a class would desire, depressing the rate of profit relative
to the maximum given technical and societal conditions. The low rate of
profit depresses aggregate demand (cet. par.) and causes unused capacity.  

Jim Devine [EMAIL PROTECTED] & http://clawww.lmu.edu/~JDevine





[PEN-L:12979] the origins of dogmatism

1999-10-27 Thread John Bellamy Foster

I have just come on to Pen-l, probably for a short time, because I learned
there was a debate about ecology.  I found the discussion of dogmatism
interesting but rather muddled from my point of view.  The meaning of terms
change but it may be interesting to note that the notion of dogmatism was
introduced by the ancient sceptics against all other forms of philosophy.
Hence, Plato, Aristotle, Epicurus and the Stoics were all referred to by the
sceptics as "dogmatists."  Their dogmatism lay precisely in their claims to
knowledge.  The sceptics (most notably Sextus Empiricus in the third century
A.D.) were seen by Hegel and other modern historians of philosophy as
representing proficiency at dialectic but lacking any kind of determinate
knowledge.  For the ancient sceptics, the Epicureans were seen as
"dogmatists" in their emphasis on empiricism, the Stoics as dogmatists in
their emphasis on the abstract universal, the Platonists as dogmatists in
their reliance on Platonic forms. It is no wonder, then, that Epicurus, in
his critique of the sceptics said (polemically) at one point that it was
essential to be "dogmatic."  Nowadays everyone wants to be a sceptic (or a
post-modernist) with the view that the refusal to make determinate knowledge
claims  (that is, the confession of knowing nothing) is somehow superior to
all claims to knowledge.  But that is of course subject to the critique that
the claim to no-knowledge is itself vulnerable to the very same criticisms
launched by the sceptics.  (How do we know that we know nothing?)  In my
view, the best philosophers have always bitten the bullet and ultimately
scorned radical scepticism.  At any rate, if one should be wary of
criticisms that such and such views are "dogmatic." And one should avoid
making such a charge oneself.  It falls short of critique, and simply relies
on the ("dogmatic"?) 0notion that indeterminacy (or philosophical
scepticism) is always a superior point of view.  (A very comforting view for
apologists of the existing order who prefer the absolute negative to the
negation of the negation--that is a determinate negation.)  Often today we
will hear people on the left say (as I witnessed last week) that all
scientists are dogmatists.  The fact that the term "dogmatist" in social
science itself is all too often used a code word for either Marxist or
positivist (and rarely analyzed beyond that) should also give us pause.

John Bellamy Foster

  





[PEN-L:12969] Research on Organization of AFL-CIO

1999-10-27 Thread kcwalker

so, ahhh, dude am i a dude?  and ahhh when am i going to get those bottles
of scotch!?  i won that one fair and square i think.  i knew what the basic
outlines of the bet was, right?  so maybe i don't know all this
high-falutin razzmatazz y'all toss around about stock markets and this and
that, but i *did* know that mark owed you a case of scotch if all hell
didn't break lose in a year--or soemthing to that effect.  and look, if i
get my self to oz in less than a year, i'll even cart a couple over for
rob's [and my, of course] elbow-bending delight!  save you some cash, see.

kelley




Reply-To: [EMAIL PROTECTED]
From: [EMAIL PROTECTED] (Max Sawicky)
To: Multiple recipients of list <[EMAIL PROTECTED]>
Subject: [PEN-L:12969] Research on Organization of AFL-CIO
Date: Wed, 27 Oct 1999 11:42:24 -0400
X-MSMail-Priority: Normal
Importance: Normal
X-MimeOLE: Produced By Microsoft MimeOLE V5.00.2314.1300
Sender: [EMAIL PROTECTED]
X-Sender: [EMAIL PROTECTED]

Any of you dudes who have written in a scholarly
mode about the organization of the U.S. labor
movement interested in possible research support
(i.e., $), should drop me a line off-list.

mbs







[PEN-L:12977] Re: BLS Daily Report

1999-10-27 Thread Peter Dorman

Is there a document that explains the difference between the new and old
classification systems and (ideally) demonstrates a crosswalk?

Peter

Richardson_D wrote:

> BLS DAILY REPORT, TUESDAY, OCTOBER 26, 1999
>
> Under the new industrial classification system devised by the federal
> government, about 114,000 information services businesses employed more than
> 3 million people and had receipts totaling $623 billion in 1997, according
> to figures released by the Census Bureau.  Employment in the four broadest
> categories of information services industries was greatest in broadcasting
> and telecommunications, with a total of 1.4 million in 1997.  There were
> about 1 million people working in publishing industries, 349,500 employed in
> information services and data processing services, and nearly 276,000 in
> motion picture and sound recording industries.  Census compiled the
> estimates from its 1997 economic census of the information services
> industries, using for the first time the new North American Industry
> Classification System (NAICS). ...  All federal agencies are in the process
> of implementing the NAICS.  Last March, Census released its first report
> using the new system, finding evidence about the importance of technology in
> the U.S. economy. ...  (Daily Labor Report, page A-7).





[PEN-L:12969] Research on Organization of AFL-CIO

1999-10-27 Thread Max Sawicky

Any of you dudes who have written in a scholarly
mode about the organization of the U.S. labor
movement interested in possible research support
(i.e., $), should drop me a line off-list.

mbs





[PEN-L:12968] BLS Daily Report

1999-10-27 Thread Richardson_D

BLS DAILY REPORT, TUESDAY, OCTOBER 26, 1999

Under the new industrial classification system devised by the federal
government, about 114,000 information services businesses employed more than
3 million people and had receipts totaling $623 billion in 1997, according
to figures released by the Census Bureau.  Employment in the four broadest
categories of information services industries was greatest in broadcasting
and telecommunications, with a total of 1.4 million in 1997.  There were
about 1 million people working in publishing industries, 349,500 employed in
information services and data processing services, and nearly 276,000 in
motion picture and sound recording industries.  Census compiled the
estimates from its 1997 economic census of the information services
industries, using for the first time the new North American Industry
Classification System (NAICS). ...  All federal agencies are in the process
of implementing the NAICS.  Last March, Census released its first report
using the new system, finding evidence about the importance of technology in
the U.S. economy. ...  (Daily Labor Report, page A-7).

Sales of existing single-family homes fell by 2.1 percent last month, the
National Association of Realtors said.  Yet association officials said they
expect existing home sales this year to set a record, up 4.8 percent from
the 1998 record.  Americans bought fewer existing homes in September,
deterred by higher mortgage rates and Hurricane Floyd.  It was the third
straight monthly decline. ...  (Washington Post, page A2)_Sales of
existing homes fell September, amid rising interest rates, continuing a
slide that may indicate the beginning of a slowdown in the domestic economy.
Economists attribute the decline to the Federal Reserve's recent interest
rate increases and argue that it may help show policy makers that the
economy can cool enough without a further rate increase when officials meet
on Nov. 16  (Wall Street Journal, page A2)

A blizzard of stock options is piling up so high it could smother
unsuspecting Internet stock investors like an avalanche, contends USA Today
(page 1B).  By paying below-market salaries, but freely handing out stock
options, companies have created a would-be bonanza for people who have
landed jobs in the online world.  But current shareholders could end up the
losers. As employees eventually convert their options into new shares, the
value of the shares already in the market will be watered down.  The
potential dilution in the Internet world is huge.  Employees exercising
stock options will shrink the value of existing shares by an average of 24
percent in less than 4 years, says a study of the USA Today Internet 100
index companies by New York based Strategic Compensation Research
Associates. ...  (USA Today, page 1B).


 application/ms-tnef


pen-l@galaxy.csuchico.edu

1999-10-27 Thread William S. Lear

On Tuesday, October 26, 1999 at 21:40:27 (-0400) Yoshie Furuhashi writes:
>Jim D. wrote:
>>We should also note that any kind of dogmatism -- including Marxist
>>dogmatism -- represents a "widely corrupting" force.
>
>The problem is that the definition of dogmatism is basically subjective, as
>most people use the term.  When someone holds forth what we think of as a
>wrong or incorrect position, we say, "he's dogmatic."  When someone's view
>agrees with ours (even if it is expressed with a sense of certitude & even
>worded in a way that may be off-putting to others), we say, "right on,
>brother!"  And noone notices his or her own 'dogmatism.'  We only notice
>'other people's dogmatism.'

I don't entirely agree.  I don't think it is "basically subjective",
though I do think it can be.  Rush Limbaugh is clearly dogmatic on
numerous topics, holding on to ideas in the face of overwhelming
evidence to the contrary.  Those who believe the earth revolves about
the sun are clearly not dogmatic, as there is overwhelming evidence
that this is so.


Bill





[PEN-L:12973] Re: Re: Re: Re: Brenner Book

1999-10-27 Thread Brad De Long

>At 11:37 PM 10/23/1999 -0700, Anthony D'Costa wrote:
> >Thanks, Jim.  Your response is very helpful in thinking through the
> >course.  Not having read the entire issue I am in no position to see the
> >parallels you draw with nc micro.
>
>I was talking about the theoretical stuff at the beginning about the
>importance of fixed capital. Brenner's basic point is  that the existence
>of fixed capital messes up the standard story about disequilibrium
>adjustment. Overinvestment may lead to exit in the long run, but in the
>reasonable short term, it implies depressed profits.

But how long can this "reasonable short-term last"? Five years? The 
productivity slowdown has (so far) been a twenty-five-year long event 
during which total GDP worldwide doubled. Surely any "overinvestment" 
as of 1973 has long since been absorbed by growth...

But then, I'm a Keynesian. I have never seen a situation of 
overinvestment or overcapacity, only situations of deficient demand...

That said, Brenner's book was well-argued and very interesting to read.


Brad DeLong





[PEN-L:12981] Manager Fired by Company Supports Teamsters on Strike (fwd)

1999-10-27 Thread Stephen E Philion

NYTImes   
October 27, 1999

Manager Fired by Company Supports Teamsters on Strike

By STEVEN GREENHOUSE

 I n an effort to turn up the pressure during its three-day-old
 strike against Overnite Transportation, the teamsters union
 deployed an unusual weapon on Tuesday: a former Overnite manager
 who said the company systematically broke the law by dismissing
 workers who supported the union.
 
 Dale Watson, a former operations manager in Overnite's trucking
 terminal in Memphis, said the company dismissed "several hundred"
 workers at the terminal over the last four years because they
 favored unionizing Overnite, the nation's largest nonunion trucking
 company.
 
 In an affidavit and a telephone news conference, Watson backed the
 teamsters' accusations that Overnite had brazenly and repeatedly
 violated the law in seeking to rebuff the drive to unionize its
 8,600 drivers and dock workers.
 
 Watson said company managers had a "hit list" designed to dismiss
 union supporters, and he added that he had followed his superiors'
 orders by helping eliminate more than 40 pro-union workers since
 1995.
 
 Federal labor law makes it illegal for any company to fire or
 retaliate against an employee for supporting a union. The
 International Brotherhood of Teamsters has been seeking to organize
 Overnite since 1994, and has filed dozens of charges with the
 National Labor Relations Board accusing the company of dismissing
 or retaliating against union supporters.
 
 Overnite officials said on Tuesday that Watson's comments were made
 out of vengeance for the company's dismissing him last week.
 
 Ira Rosenfeld, an Overnite spokesman, called Watson's statements
 "absolutely ridiculous" and said the company has not fired workers
 for supporting the teamsters.
 
 "There is no hit list, and there never has been a hit list," he
 said. "This is a gentleman who was fired last week for poor
 performance."
 
 Watson said he had no idea why he was fired. He said that to push
 out union supporters, company managers often gave them demerits
 when they arrived at work a few minutes late, but did not do the
 same to union opponents.
 
 "There's too much injustice being done to employees," said Watson,
 who said he came forward because he was so upset with how Overnite
 treated its employees.
 
 The strike began at the Memphis terminal on Sunday and spread
 nationwide on Monday. The teamsters said they called the strike to
 protest unfair labor practices by Overnite.
 
 Rosenfeld said the strike was having a negligible effect. He said
 only 600 workers were on strike, and he asserted that the teamsters
 picketed fewer terminals on Tuesday than the 40 they had picketed
 on Monday.
 
 Sharply disagreeing, Dave Cameron, a teamsters' spokesman, said
 more than 2,000 workers were on strike on Tuesday, with the
 picketing expanding to 109 of Overnite's 166 terminals. Cameron
 maintained that the strike was disrupting Overnite's operations and
 costing the company millions of dollars.
 _
   
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[PEN-L:12967] Wood on Brenner on Market Dependence

1999-10-27 Thread Louis Proyect

Jim Devine:
>The key sentence above is "A tenant could, for instance, remain in 
>possession of land, but his survival and his tenure could nonetheless be 
>subject to market imperatives, whether he employed wage labor or was 
>himself the direct producer." The problem with this statement is that _if 
>the tenant has possession of the land_, what keeps him or her from using 
>some of this land to grow the crops needed to produce subsistence, "the 
>means of self-reproduction"?

I didn't have time to prepare a fourth installment on the Brenner debate,
which would have dealt with the New World per se, but Wood and Brenner seem
to have a very poor grasp of the rather rich variety of class relations in
this hemisphere, both between worker and boss and those involving various
strata of the peasantry. To cite two interesting instances, Sidney Mintz's
classic study of the sugar plantation reveals that slaves throughout Brazil
actually raised cash crops on their own land, which were sold in the
marketplaces. Furthermore, Steve Stern's discussion of world system theory
versus the Brenner thesis points out that neither version gives an accurate
portrait of what was taking place in the mines of Peru and Bolivia. It
turns out that it was not quite wage labor, nor slavery. Indigenous miners
were often skilled artisans who defied the colonists, by insisting to their
right to keep a certain percentage of ore to themselves. Because of labor
shortages, their class struggles won concessions that do not fall into the
rather undialectical category of dependent labor that Wallerstein posits.
By the same token, neither was it precapitalist as Brenner defines it. All
in all, Marxist scholarship of class relations in the New World is in its
infancy. The best thing obviously is to understand this reality on its own
terms rather than projecting templates upon it that originate in 13th
century Europe.

Louis Proyect

(The Marxism mailing list: http://www.panix.com/~lnp3/marxism.html)





[PEN-L:12978] More power for enterprise managers

1999-10-27 Thread Stephen E Philion


South China Morning Post
Wednesday, October 27, 1999
 
  More power for
  enterprise managers

 JOSEPHINE MA

 The city of Liuzhou, a bastion of the state sector in the
 Guangxi region, has taken steps to smooth the
 relationship between Communist Party committees and
 directors and managers of state firms.

 The southwestern city's deputy party secretary, Yu
 Kaijin, said the resident party cells would adopt a
 relatively low-key form of leadership in enterprises to
 give managers more leeway in pursuing commercial
 interests.

 Since most leaders in state enterprises were Communist
 Party members, committees could influence the
 decisions of an enterprise subtly instead of acting like
 patriarchs, said Mr Yu.

 The old way of "having everything decided by party
 committees" would be jettisoned and leadership would
 be exercised through a kind of moral influence, he said.

 The tug-of-war between party committees and
 professional managers has long prevented state firms
 from adapting to the marketplace.

 As part of its effort to reform the state sector, the
 director of the city's economic commission, Yu Zuyi,
 said Liuzhou had come up with new incentives for
 managers.

 In 1993, Liuzhou, Guangxi's industrial base, raised
 eyebrows by giving one million yuan (HK$930,000) to
 the manager and factory director of Liuzhou Steel
 Enterprise as a reward for the company's profits.

 Now state enterprises which achieved more than eight
 per cent profit for three consecutive years could enjoy a
 bonus of up to two per cent of the total revenue, said
 Mr Yu Zuyi.

 The city was also looking at introducing fixed annual
 salaries for managers of state enterprises based on their
 firms' performance, as suggested by the central
 Government, he said.

 These would be much higher than current salaries which
 were close to those of civil servants.

 Liuzhou had asked the central Government to allow 16
 industrial enterprises to transform their debts, totalling
 2.8 billion yuan, into stakes to be held by creditors.

 It hoped that at least two large enterprises would
 receive permission to transform their debts totalling 700
 million yuan into equity, he said.

 The enterprises would be asked to buy back their
 shares from the banks in three years.

 Debt-equity transformation was suggested by the central
 Government to bring temporary relief to debt-ridden
 enterprises. Liuzhou has 166 state enterprises, 45 per
 cent of which are unprofitable.
--


   Wednesday, October 27, 1999

 Bosses face jail if firms go
   bust

 CHOW CHUNG-YAN

 Legislators have proposed amending the law in an
 attempt to bring the managers of bankrupt state firms to
 justice, it was reported yesterday.

 Under the proposal, a manager would face trial if a firm
 went into bankruptcy due to "neglect of duty or abuse of
 power", China Youth Daily said.

 The penalty for managers of the insolvent state firms
 could be as much as three years in jail. In some special
 cases managers could be put behind bars for seven
 years.

 "In the past it has been difficult to bring charges against
 those who cause serious economic loss to the state
 because of neglect of duty," the paper quoted the
 National People's Congress (NPC) Law Committee
 vice-chairman Gu Angran as saying.

 The "neglect of duty" referred to by Mr Gu includes
 improper management, stock speculation in overseas
 markets without approval and providing personal loans
 with state money.

 "We need to enhance our laws in these fields to punish
 those who breach government rules and lead state
 enterprise to bankruptcy," Mr Gu said.

 "We have consulted with the Central Commis

[PEN-L:12972] Re: Dogmatism

1999-10-27 Thread Jim Devine

At 09:40 PM 10/26/1999 -0400, you wrote:
>Jim D. wrote:
> >We should also note that any kind of dogmatism -- including Marxist
> >dogmatism -- represents a "widely corrupting" force.

Yoshie writes:
>The problem is that the definition of dogmatism is basically subjective, as
>most people use the term.  When someone holds forth what we think of as a
>wrong or incorrect position, we say, "he's dogmatic."  When someone's view
>agrees with ours (even if it is expressed with a sense of certitude & even
>worded in a way that may be off-putting to others), we say, "right on,
>brother!"  And noone notices his or her own 'dogmatism.'  We only notice
>'other people's dogmatism.

That's a real problem as long as only the people's conclusions can be 
judged. In a forum like pen-l, the premises of the argument are presented 
and there's a lot of opportunity for discussion. So you can tell a 
dogmatist by his or her refusal to accept logical, empirical, or 
methodological arguments. More telling is her or his propensity to use 
name-calling ("not even as Marxist as Anthony Giddens," etc.), appeals to 
authority, etc. as modes of argumentation. I'm not saying that there isn't 
room for friendly disagreement, but a dogmatist can be detected by 
examining his or her style.

Also, dogmatism doesn't automatically undermine a person's other possible 
positive qualities. For example, I found that the late Ernest Mandel clung 
dogmatically to a belief in the automatic fall in the rate of profit. 
Nonetheless, he provided us with a wealth of insight and useful information.

Jim Devine [EMAIL PROTECTED] & 
http://clawww.lmu.edu/Faculty/JDevine/JDevine.html





[PEN-L:12971] Re: Re: The Internet Anti-Fascist: Tuesday,19Oct 1999 -- 3:85 (#343)

1999-10-27 Thread Jim Devine

tallpall says:
>In this sense we can argue that the Klan is a criminal conspiracy and that
>a Klan rally is another form of organizing for that conspiracy. In this
>case, neither issues of speech or assembly apply.

Not being one who trusts the capitalist state, I fear that they will use 
this logic to decide that leftist organizations are "criminal conspiracies" 
and use their repressive power (Guiliani's police, the FBI, etc.) to 
repress the Left.

Oh, they already did a lot of that, as with the Red Scares (Wilson-Palmer 
and Truman-McCarthy being the most famous) and the COINTELPRO against the 
Black Panthers. Not to mention the Philadelphia Police's strategic bombing 
campaign against MOVE.

But those cases are ancient history, aren't they? Now that we've got a 
Democrat in the White House (like Wilson and Truman before him), the legal 
profession has come to its senses, and the courts have been packed with 
rational people, we can trust the state to repress only those forces which 
truly threaten "the public interest" (as we on the Left define that 
phrase). With a large and militant left-wing movement on the streets, we 
can make sure that the state lives up to its promises...

Of course, that's a pipe dream  (a metaphor that take on new meaning when 
we realize  that the state is much more repressive toward those who smoke 
cocaine using a pipe). The point is that we shouldn't take legal 
formalities too seriously. Though if I were in court, I'd take the 
formalities as seriously as possible in order to get off, the legal system 
reflects the power of capital when there's little or no countervailing 
power from the people.

Jim Devine [EMAIL PROTECTED] & 
http://clawww.lmu.edu/Faculty/JDevine/JDevine.html





[PEN-L:12966] Re: de la Rúa: a "low-key conservative"

1999-10-27 Thread Chris Burford

At 14:49 26/10/99 -0400, you wrote:
>Comment / Lex (Financial Times) 
>
>ARGENTINA: Victory for low-key conservative 
>
>The victory of Fernando de la Rúa, a low-key conservative, in Argentina's
>presidential elections is good for democracy in a country that has long
>favoured flamboyant strongmen. Whether it will be enough to restore
>international investors' faith in Argentina's economic prospects is less
>clear.

As indicated in the opening paragraph, I think this article is rather
damning with faint praise. Bear in mind that Lex is an expert column on
investment decisions and this particular piece can not be taken as a full
assessment of the political relevance of de la Rua's victory. 

LP may well have the advantage on me of a greater study of Latin America. I
know little of Argentina, and I thought it wise to scan other FT articles
on the Argentinan election. 

At first sight de la Rua's substantial victory  looks like Blair's without
the charisma. A strong message of financial sobriety that will do
everything to avoid the ill will of the international financiers. Argentina
is heavily dependent on incoming loans. A message of consensus politics: de
la Rua worked constructively with Peronist politicians when he was mayor of
Buenos Ares, and will have to do so again since they remain in control of
the Senate till 2001 and of the province of Buenos Ares.  And a message
against corruption. At the same time a large popular consensus looks to him
for some hope about things like health care and education, but without any
guarantees of this.

One difference is that de la Rua heads an alliance of the old Radical Party
and another organisation which is itself an alliance of left groups.
Presumably this latter grouping contains one or more organisation with
reconstructed members of the old communist party, but I have no knowledge
of this. Whether Agentinan marxists can work inside or outside this is an
important debate. Since LP advertises his Marxism list as open to all views
within Marxism, hopefully he will now also be able to forward a contrasting
analysis to that of Julio Fernández Baraibar, so we can see the range of
debate.

I doubt however whether Michael Perelman wants a long thread about whether
one subscriber thinks another is a marxist. Certainly I have some
theoretical differences with Louis Proyect that I would say are within
Marxism and he does not, such as the nature of the state, the role of
stages in strategy, and the importance of the struggle for global reforms.
But in view of the subject matter of the Argentinan elections I can see why
LP thinks of Anthony Giddens. 

I understand Anthony Giddens as some sort of intelligent left social
democrat. Let us for the sake of the argument, consider that I really am
Anthony Giddens, or that Anthony Giddens or someone influenced by him
wished to subscribe to this list. Provided he (or she?) abided by the
moderator's guidliness, I would have thought that would be a positive point
for the list, and would permit the testing in open debate of some important
current propositions. This would be an opportunity to show the superiority
of a marxist approach to the material and to win some people over and to
find ways of cooperating with others. What would not win people over and
might in fact damage the atmosphere of the list, and the degree of
influence of a marxist approach is if Giddens or his follower was simply
criticised for not being a marxist. Indeed such an approach might just
increase the number of anti-marxists who could only see dogmatism and
sectarianism in marxism.

On the substance of LP's comments rather than the tone, I would agree with
some of what he says. 


>De la Rua is a capitalist politician. Argentina is suffering from
>capitalism. Socialists are opposed to capitalism. Burford's training in
>Stalinism whets his appetite for any bourgeois politician who utters
>reformist formulas, from Blair to Clinton, to their Latin American
>counterparts.

Yes, de la Rua is clearly a capitalist politician and I do indeed have an
appetite for looking for contradictions among the bourgeoisie which may be
exploitable by the progressive forces. I think the line of demarcation is
whether you then tail behind one wing of the bourgeoisie and or the
parliamentary system or whether there is a possibility of another strategy.



>The Chilean Socialist Party is not the party of Allended. It has virtually
>pledged to continue Pinochet's "revolution" in the same manner that Clinton
>has dedicated himself to continuing the Reagan "revolution". 

Although I suspect this is a caricature of the Chilean Socialist Party
which does not really get to the essence of the contradictions, I do not
doubt that party may have some things in common with de la Rua's alliance
as far as I have picked up information from several articles in the FT. 

What is theoretically more interesting is the implicit suggestion in this
argument that Allende was not also a bourgeois politician, 

[PEN-L:12957] Futile rearguard of the Lords

1999-10-27 Thread Chris Burford

 I refer to the futile tantrum today by the Earl of Burford (no relation -
I do not even know his family name) who jumped onto the Lord Chancellor's
Woolsack to denounce the House of Lords Bill. Alas, in vain, for just a few
minutes ago the House of Lords itself quietly voted 221 against only 81 to
cast over 600 hereditary peers into the dustbin of British constitutional
history forever.  

The mass of official Conservative peers gravely abstained on the
government's bill to reduce the number of hereditary peers to 92, in
proportion to the present party strength in the Lords, in preparation for
their total abolition.  But young Burford, a 34 year old stripling,
succeeded in getting his hairy face on the front page of all the
broadsheets tonight robbing the Conservative Party of its hard won dignity.
Hard won indeed, since the Conservative architect of the deal with Tony
Blair was summarily sacked by William Hague only to be replaced by a more
loyal Conservative Peer, who nevertheless followed the same compromise. 

Instead, this purple prose from Burford: "Before us lies the wasteland, no
Queen, no culture, no sovereignty, no  freedom. Stand up for your Queen and
country, vote this treason down." 

Not exactly a ringing endorsement of Conservative leadership in the House
of Lords, as they sat meekly waiting to abstain in their hundreds. The Tory
Whip Lord Henley blustered about Burford "It really brings the whole thing
into ridicule, and the House behaved very well in the event."

But undeterred by spin doctors young Burford was outside for the
photocalls, and the soundbites. The Earl told reporters: 

 "This bill
 drafted in Brussels is treason. What we are witnessing
 is the abolition of Britain." 

 "It concerns the liberty of every individual in Britain. The
 truth is that Tony Blair is evicting the hereditary peers
 from Parliament in order to remove what he perceives to
 be the last obstacle to his plans to surrender our
 nationhood to Brussels. 

 "Blair has been ordered by his world government
 masters to bring the British constitution into line with the
 other European Union countries in preparation for full
 political union. 

 "And he is doing it in flagrant contempt of both
 Parliament and the Crown. Indeed the very existence of
 the Monarchy is threatened. 

 "For if the Lords are stripped of their constitutional
 powers, then Blair will have presented himself with a
 prima facie case for revoking the constitutional powers of
 the Monarchy."


His personal problem is rather more technical. Burford is unfortunately
only an Earl. And although that is quite an important title there are two
degrees of peers above him, Marquess and Duke, and his father is a Duke, of
St Albans in fact. The cruelty of fate. So his father has been able to
speak in the House of Lords all this time, and because his father is not
dead, all that young Burford was allowed to do was to listen to the
proceedings from the Steps to the Throne. And within a matter of hours the
definitive reading of the compromise bill was to take place, which has now
dashed his chances for ever of speaking in the Houses of Parliament. Unless
of course he manages to get democratically elected. But that would be an
unthinkable ordeal.

But is this all the nonsense it appears? 


No.  I suggest that genuine marxists should not overlook how much, even at
the height of its capitalist power, the British industrial capitalist class
was interpenetrated by landed capital. As Marx pointed out, "wage
labourers, capitalists, and land-owners constitute the three big classes of
modern society based upon the capitalist mode of production." 

Sometimes there were contradictions between industrialists and landowners
such as over the Corn Laws and the 10 Hours Bill, which the working class
took advantage of, much to the approval of Marx. But more often, the landed
capitalists, often made fabulously rich, like the Duke of Westminster, from
the private ownership of land in areas of cities or their surroundings
undergoing economic growth, worked in alliance with industrial capital.

The bastion of the power of landed capital was the House of Lords. In a
constitution which has kept the Conservative Party in power in the Commons
in all but 22 years of the last hundred, there was the additional
considerable advantage of a massive majority in the Lords capable of
delaying any constitutional amendement seriously challenging the balance of
class forces in this country.

This violation of bourgeois democratic principles in one of the leading
capitalist and imperialist power in the world - certainly one of the most
influential - has indirectly but significantly constrained the range of
possibilities for progress in the world. 

The tactical vote to

[PEN-L:12965] Re: talk on teachers

1999-10-27 Thread Ken Hanly

Now I know why I haven't unsubscribed to Pen-L in spite of all the flame wars!
There are some valuable posts, and this is one in my opinion. The opening citations
are a real eye opener.
I assume the "core values" in number 8 include: "greed" "anything can be sold for a
profit" and the like.
  Cheers, Ken Hanly

Michael Yates wrote:

> Friends,
>
> The following is a talk I am going to give this Thursday at Jamestown
> Community College in New York state.  I'd appreciate any comments before
> I go up there.  The teachers' union there have just rejected the
> college's latest offer in negotiations.
>
> Us Versus Them: Laboring in the Academic Factory
>
> by
>
> Michael Yates
> Department of Economics
> University of Pittsburgh at Johnstown
> Johnstown, PA 15232
>
> I.  Ten Tales from Academe at the End of the Century
>
> Consider the following items culled from some of the journals,
> newspapers, and email discussion groups to which I subscribe:
>
> 1.  Administrators at York University in Toronto solicited corporations
> to place corporate logos on online courses conducted by the University,
> for $10,000 per course.
>
> 2.  City University of New York canceled most of its remedial classes.
> The University of Pittsburgh eliminated special programs for under
> prepared (and typically poor and black) students while beginning an
> honor's college.
>
> 3.  The University of Pittsburgh, awash in corporate and defense
> department money, canceled sabbatical leaves at our campus without
> faculty input.  The VPAA, formerly just Dean, has begun to unilaterally
> implement major changes in tenure requirements.
>
> 4.  Several universities have cut lucrative deals with credit card
> companies, allowing them campus monopolies as credit purveyors.  At one
> campus the credit card company pays for student radio and television
> shows.
>
> 5.  The so-called "University" of Phoenix, a private, for-profit virtual
> college, now has 98 campuses in 31 states and enrollment of more than
> 55,000 students.  "It has aggressively applied business strategies such
> as convenience, customer service, mass production, and corporate
> partnerships on its march across the country."  Phoenix has heavy-duty
> corporate customers, including Kodak, IBM, and GE and will be
> aggressively competing for the millions of adult students preparing for
> the multiple job changes former Secretary of Labor, Robert Reich, says
> we will all be making over the course of our working lives.
>
> 6.  The California State University system is preparing to "hand control
> of its inter-campus computer and telecommunications system to a private
> consortia managed by Microsoft and its hardware allies, GTE, Hughes, and
> Fujitsu."  This privatization of public education is fueled by the same
> forces that have led to the privatization of all sorts of public
> services from garbage collection to prisons to college food services and
> campus police.
>
> 7.  Historian David Noble tells us that "Educom, the academic-corporate
> consortium, has recently established their Learning Infrastructure
> Initiative which includes the detailed study of what professors do,
> breaking the faculty job down in classic Tayloristic fashion into
> discrete tasks, and determining what parts can be automated or
> outsourced.  Educom believes that course design, lectures, and even
> evaluation can all be standardized, mechanized, and consigned to outside
> vendors.  ‘Today you're looking at a highly personal human-mediated
> environment,' Educom president Robert Heterich observed.  ‘The potential
> to remove human mediation in some areas and replace it with
> automation–smart, computer-based, network-based systems–is tremendous.
> It's gotta happen'"
>
> 8.  During the first week of this month, in Manhattan's $229 per night
> (a special rate!) Millennium Broadway Hotel, a conference was held with
> the title, "Market-Driven Higher Education."  The blurb for this
> conference states, "It's Not Just Business, It's Your Future: Is Higher
> Education for Sale?  You bet it is.  And everyone–corporations,
> non-profits, government agencies–wants a piece of it.  How do you take
> advantage of market-driven education?"  At this conference one could
> hear such luminaries as Benno Schmidt (former president of Yale and
> advisor on CCNY for America's Mussolini, Rudolf Giuliani) expound on
> such topics as "What the Market Wants," and The University Toolbox," (to
> discuss "creating for-profit subsidiaries, finding start-up capital,
> structuring deals, solving intellectual property problems, and more.")
> Remarkably, the organizers of the conference tell attendees that you
> will "learn new ways of doing business, explore innovative deals and
> joint ventures, discover what funding sources want for their investment
> dollars, cope with resistance on the home front, and still retain your
> core values."
>
> 9.  In Silicon Valley, in Cam