[Marxism-Thaxis] Bailout prediction

2009-12-07 Thread c b
State monopoly capitalism Communism portal v • d • e The theory of state monopoly capitalism was initially a Marxist doctrine popularised after World War II. Lenin had claimed in 1916 that World War I had transformed laissez-faire capitalism into monopoly capitalism, but he did not publish any

[Marxism-Thaxis] Bailout prediction

2009-12-07 Thread c b
CeJ jannuzi ] >The > Financial Times wrote months ago that the bailout was $ 11 trillion;<< That's in committments--it looks like the US government just took over AIG's! So far spent were a couple 1 trillion dolla

Re: [Marxism-Thaxis] Bailout prediction

2009-12-04 Thread CeJ
>The > Financial Times wrote months ago that the bailout was $ 11 trillion;<< That's in committments--it looks like the US government just took over AIG's! So far spent were a couple 1 trillion dollar plus 'packages'--which, btw, included more funding for Iraq and Afghanistan. If you want to sa

Re: [Marxism-Thaxis] Bailout prediction

2009-12-04 Thread CeJ
Speaking of predictions, there is this guy's book, which must have been written 2005-6 and published in 2007. The other thing we haven't discussed yet was Greenspan and then Bernanke not being able to raise interest rates. The other other thing would be so many profit-seeking but unproductive entit

Re: [Marxism-Thaxis] Bailout prediction

2009-12-04 Thread CeJ
Ahhh, spring 2008, it was an incredible time. Markets were going to wash all our problems away and sort themselvs out. I have great nostalgia for spring of 2008. http://www.nytimes.com/2008/03/14/business/14econ.html?_r=1 excerpt 1 Many specialists say policy makers can do only so much to protec

Re: [Marxism-Thaxis] Bailout prediction

2009-12-04 Thread CeJ
I guess one question would be, Are we already in the private equity economy, and is that why there is so little growth and so few jobs? It seems that investment interests tap into the American economy though private equity, hedge funds and mortgage brokers. They tap into it to get savings from bank

Re: [Marxism-Thaxis] Bailout prediction

2009-12-04 Thread c b
On 12/4/09, CeJ wrote: > >>Before that there was the S & L bailout. Chrysler was bailed in > 1979. However, this latest one strikes me as a quantitative change > that is turning into a qualitative change, to coin a phrase. The > Financial Times wrote months ago that the bailout was $ 11 trillio

Re: [Marxism-Thaxis] Bailout prediction

2009-12-03 Thread CeJ
>>Before that there was the S & L bailout. Chrysler was bailed in 1979. However, this latest one strikes me as a quantitative change that is turning into a qualitative change, to coin a phrase. The Financial Times wrote months ago that the bailout was $ 11 trillion; and I think more money has go

Re: [Marxism-Thaxis] Bailout prediction

2009-12-03 Thread c b
On 12/3/09, CeJ wrote: > Using the examples of what already happened under earlier presidents, > there is nothing that surprising at all about the bank bailouts. As > for the idea that it was unprecedented to bailout AIG (no one actually > knows what to call it except it's something like GE withou

Re: [Marxism-Thaxis] Bailout prediction

2009-12-02 Thread CeJ
Using the examples of what already happened under earlier presidents, there is nothing that surprising at all about the bank bailouts. As for the idea that it was unprecedented to bailout AIG (no one actually knows what to call it except it's something like GE without an industrial arm), I would co

[Marxism-Thaxis] Bailout prediction

2009-12-02 Thread c b
http://en.wikipedia.org/wiki/G._Edward_Griffin CB: I know this guy is a rightwing libertarian, gold bug and all, but I skimmed the second chapter of his book on the Federal Reserve, and it read like a precise prediction from 2002 of the big bank bailout. When I can borrow a copy , I'll copy s