Feelgood fact, or...?

2001-09-03 Thread Michael Keaney
Forget 21, you become an adult at 35 VICKY COLLINS The Herald, 3 September 2001 WHEN you become a man, according to the Bible, you put away childish things. In the modern world, however, there is no longer any need - not just yet anyway. According to research to be

New Gulf War?

2001-09-03 Thread Michael Keaney
British forces flex military muscle for £93m 'desert war' Biggest exercise since the cold war as quarter of army sets off to fight fictitious battle in Oman Jamie Wilson and Richard Norton-Taylor Monday September 3, 2001 The Guardian The biggest naval task force since the Falklands war will

Schooled by scoundrels

2001-09-03 Thread Michael Keaney
Schools 'need private-sector help' By Paul Waugh, Deputy Political Editor The Independent, 03 September 2001 Estelle Morris, the Education Secretary, set the Government on a collision course with teaching unions yesterday when she declared that Britain's failing state schools need the

Black day for Conrad

2001-09-03 Thread Michael Keaney
It's the retreat from Toronto: Conrad Black loses the battle for the soul of Canada Thwarted one too many times, the newspaper baron has turned his back on his native land By David Usborne Independent on Sunday, 02 September 2001 It turned out to be Conrad Black's last Canadian

Re: Re: Tobin tax in France

2001-09-03 Thread Bill Rosenberg
Thanks very much to Hinrich and Rob for the very useful replies. Regarding Hinrich's quote on the usefulness of a Tobin tax, I agree about its limitations. Global Finance: New Thinking on Regulating Speculative Capital Markets, Ed Walden Bello, Nicola Bullard and Kamal Malhotra, has two chapters

productivity happy labor day!

2001-09-03 Thread Jim Devine
from the L.A. TIMES [9/3//01] -- Productivity Said Key to Rebound Symposium: Top policymakers and others say a sustained pickup in worker output is needed for economy's recovery. (from Reuters) JACKSON HOLE, Wyo. -- The information technology boom of the 1990s stoked a new economy

kids passivity

2001-09-03 Thread Jim Devine
Rob wrote: I find I have certainly become a far quieter, more pliable and less dignified lackey since first the loinfruit bounced into consideration, anyway. I don't know. There are a lot of people who _become_activists because of their kids, trying to keep them away from toxic wastes

Re: Re: Prince Bush wimps out against Communism

2001-09-03 Thread Jim Devine
isn't it also possible that the US wants China to waste a lot of resources on its military, undermining its long-run ability to compete with the US economically? (but then again, who knows?) At 11:22 AM 09/02/2001 -0500, you wrote: I think that's right. In addition, the Chinese do not have

Re: Tom Palley and Reserve Requirements

2001-09-03 Thread Jim Devine
At 10:58 PM 09/02/2001 -0400, you wrote: In the LAT piece, Tom P. is referring to a system of asset-based reserve requirements. Applied to all financial sector assets, such a system would: a) respond to the long-term movement of this sector's assets out of the banking industry and into nonbank

Re: Feelgood fact, or...?

2001-09-03 Thread Michael Perelman
The majority of my students have outside jobs -- and much less free time than I did when I was a student. -- Michael Perelman Economics Department California State University Chico, CA 95929 Tel. 530-898-5321 E-Mail [EMAIL PROTECTED]

Re: Re: Re: Prince Bush wimps out against Communism

2001-09-03 Thread Michael Pugliese
Spend 'em into the ground? Like Reagan did with the fSU. But, DoD, NSC, State Dept. doesn't want the PRC to use that arms buildup to attack Taiwan. Do they? :-) Michael Pugliese -Original Message- From: Jim Devine [EMAIL PROTECTED] To: [EMAIL PROTECTED] [EMAIL PROTECTED] Date: Monday,

Re: Re: Re: Prince Bush wimps out against Communism

2001-09-03 Thread Jim Devine
I think it's pretty obvious, so I haven't commented on this point before, but I want to object to referring to China as communism (in the subject line). In Marxian terms, China has never been communist. It's a country that's ruled by a party that calls itself communist. To my mind, China's an

Libertocracy, Where Freedom is the Law

2001-09-03 Thread Michael Pugliese
The funniest thing I've seen all week! http://www.libertocracy.com/ And, Ye Olde Cybershoppe, too! Michael Pugliese

Re: productivity happy labor day!

2001-09-03 Thread Tom Walker
Or, maybe what economists really mean (although they don't know it) is literally an increase in the rate of surplus value. See Marc Linder's From Surplus Value to Unit Labor Costs: The Bourgeoisification of a Communist Conspiracy in his _Labor Statistics and Class Struggle_. Linder tells the

Re: Re: Re: Re: Re: Re: Atlas shrugged

2001-09-03 Thread Doug Henwood
Gar Lipow wrote: Also there is one other point. In the U.S, anyway the increase in the ratio of seniors to others is projected to occur alongside a drop in the ratio of children to population -- so that the total dependency ratio is projected to be a only a tiny bit higher than at present... If

Re: Re: Re: Re: Re: Re: Re: Atlas shrugged

2001-09-03 Thread Michael Perelman
Also, many immigrants pay into social security without being able to collect. Has anybody ever tried to quantify that effect? On Mon, Sep 03, 2001 at 12:20:13PM -0400, Doug Henwood wrote: Gar Lipow wrote: Also there is one other point. In the U.S, anyway the increase in the ratio of

Re: Re: Re: Re: Re: Re: Re: Re: Atlas shrugged

2001-09-03 Thread Doug Henwood
Michael Perelman wrote: Also, many immigrants pay into social security without being able to collect. Has anybody ever tried to quantify that effect? The SS Trustees reports use immigrants as one of the demographic variables, with higher levels of immigration meaning more solvency for the

Re: Re: Atlas shrugged

2001-09-03 Thread Gar Lipow
Hi Rob. Our current peak does not begin to match that of the sixties (at least here in the U.S -- which incidentally is still miles ahead of you Aussies in the scum sweepstakes). Among the reasons -- people have to work a hell of a lot harder for survival than was required in sixties. This

Re: Re: Re: Re: Re: Re: Re: Re: Atlas shrugged

2001-09-03 Thread Tim Bousquet
I can't say overall, but there's pretty good figures for workers in the bracero program of 1942-1964. There were some 4 million Mexican workers brought in, and ten percent of their pay was withheld from 1942-1950, which was supposed to go to worker savings accounts. They never got the money-- on

Re: Re: productivity happy labor day!

2001-09-03 Thread Jim Devine
At 08:58 AM 09/03/2001 -0700, you wrote: Or, maybe what economists really mean (although they don't know it) is literally an increase in the rate of surplus value. exactly. Jim Devine [EMAIL PROTECTED] http://bellarmine.lmu.edu/~JDevine

Re: Prince Bush wimps out against Communism

2001-09-03 Thread Andrew Hagen
The issues are whether Bush aims to spend China into the ground, and whether China is communist. First, I'd argue that if the Bush's policy goal is to spend China into the ground, the goal is poorly considered. Let's assume that Reagan's defense spending partially caused the Soviet Union's

Re: Re: Re: Atlas shrugged

2001-09-03 Thread Jim Devine
At 10:08 AM 09/03/2001 -0700, you wrote: thanks to the anti-grade inflation movmement of the seventies and eighties, students have to take more and harder classes to graduate. damn straight! and I think that business majors _should_ be forced to work hard. Jim Devine [EMAIL PROTECTED]

RE: Re: Re: Re: Re: Re: Re: Atlas shrugged

2001-09-03 Thread Max Sawicky
When analysts speak of a fiscal catastrophe some 50 years hence, what they are actually referring to, strictly in terms of scale, is a public sector analagous to the Euro social-democracies -- spending in the neighborhood of 40 percent. The bulk of this, again in terms of debatable scenarios, is

Re: Re: Atlas shrugged

2001-09-03 Thread Gar Lipow
And the misallocation here is not too much being spent on health care, but health care being paid for in an inefficient way (via private insurers). Total adminstration costs both in hospitals and the net insurance premium are at least 30% vs. between 5% and 15% in nations that have single payer

Re: Prince Bush wimps out against Communism

2001-09-03 Thread SOncu
Andrew wrote: The word communist originally spoke to a utopian concept, where tyranny did not reign. Today, however, the large majority of the world's population uses the word to describe the political bosses of the USSR, and all those ideologically connected in some way to them. In my view, the

Re: Prince Bush wimps out against Communism

2001-09-03 Thread Andrew Hagen
I don't think that's an argument against my approach. I agree that communism stands for the Soviet Union and the regimes connected to it ideologically. Nor do I deny that the Left of today follows in the wake of communism, and is thus influenced by it. I criticize communism as tyrannical. Thus, I

Tobin speaks

2001-09-03 Thread Ian Murray
Saturday September 1 4:26 PM ET Tobin Says Activists Abuse His Name BERLIN (AP) - Nobel laureate James Tobin, who proposed a global tax on financial transactions to buffer small economies from boom-and-bust monetary flows, says radical anti-globalization activists are abusing his name in

Re: Re: Prince Bush wimps out against Communism

2001-09-03 Thread Michael Perelman
Andrew Hagen wrote: In my view, the Soviet regime was on balance much more tyrannical than it was noble. Thus, I argue that the Left should castigate Communists. We have been over this many times now. No need to repeat it again. Let me ask a different question: a revolution has broken out

Re: Re: Re: Re: Atlas shrugged

2001-09-03 Thread Ian Murray
- Original Message - From: Jim Devine [EMAIL PROTECTED] To: [EMAIL PROTECTED] Sent: Monday, September 03, 2001 10:44 AM Subject: [PEN-L:16626] Re: Re: Re: Atlas shrugged At 10:08 AM 09/03/2001 -0700, you wrote: thanks to the anti-grade inflation movmement of the seventies and

Michael's Question

2001-09-03 Thread Carrol Cox
Michael Perelman wrote: Let me ask a different question: a revolution has broken out in a poor economy, without the ability to confront the imperialism powers head on. Clandestine operations can do great damage to the society. Less committed citizens can be bribed. Misinformation can

Re: Tobin speaks

2001-09-03 Thread Andrew Hagen
[Tobin supports free trade, the IMF, the World Bank, the WTO, etc] Tobin, who was awarded the 1981 Nobel Prize in Economic Sciences, told Der Spiegel that his tax likely had ``no chance'' of becoming reality - because ``the important people on the international finance scene are against

Re: Michael's Question

2001-09-03 Thread Doug Henwood
Carrol Cox wrote: Michael Perelman wrote: Let me ask a different question: a revolution has broken out in a poor economy, without the ability to confront the imperialism powers head on. Clandestine operations can do great damage to the society. Less committed citizens can be bribed.

Re: Prince Bush wimps out against Communism

2001-09-03 Thread SOncu
Andrew wrote: Does anyone suggest that the Left of today should issue a blanket apology for the crimes of Lenin, Stalin, Mao, and the rest? I would be hesitant to agree. How can activists of today be responsible for what some of our intellectual antecedents did when most of us weren't evenborn?

Re: Re: Michael's Question

2001-09-03 Thread Carrol Cox
Doug Henwood wrote: Carrol Cox wrote: So you've settled on the inevitability of a closed society. Could you offer some details? Would we be allowed to carry on as critical political economy types on PEN-L? Would newspapers publish freely? Elections? Parties? Independent unions? How

Re: Michael's Question

2001-09-03 Thread Andrew Hagen
The United States, India, Israel, Turkey, and Mexico were able to remain both open societies and independent. Each of these successful nations embraced capitalism, albeit to different extents. One additional item to add to Michael's list would be that the revolution is socialist in character.

Castro: Tobin Tax Could Finance Reparations

2001-09-03 Thread Forstater, Mathew
Key address by Dr. Fidel Castro Ruz, President of the Republic of Cuba at the World Conference against racism, racial discrimination, xenophobia and related intolerance Durban, South Africa. September 1, 2001 Excellencies: Delegates and guests: Racism, racial discrimination and xenophobia

Re: Re: Tobin speaks

2001-09-03 Thread Rob Schaap
G'day Andrew, Should we expect more of our Nobel Prize winners? 'Tis, alas, 'the important people' who confer Nobel Prizes, and precisely those alluded to by Tobin who confer the ersatz Nobel for which economists compete. That said, I did read a deal of Sen when he won, and thought him a

Re: Re: Michael's Question

2001-09-03 Thread Michael Perelman
Yes, Doug says that with Cuba, it could only happen because of the USSR. Castro did not seem as a threat at first, an only later when he threated expropriations did he run into serious danger. Even with the Soviet support, think of all the dangers that he faced. When Jim Devine and I were in

Re: Re: Re: Michael's Question

2001-09-03 Thread Doug Henwood
Michael Perelman wrote: Just imagine if a power, much, much mightier than the US were to flood us with media that undermined the society. Pumping out TV, Radio, Newspapers, and subsidizing and arming violent opponents of the government. Michael, I'm completely opposed to the arming of

Re: Re: Re: Michael's Question

2001-09-03 Thread Doug Henwood
Michael Perelman wrote: Yes, Doug says that with Cuba, it could only happen because of the USSR. You didn't answer any of my other questions about a post-liberal revolutionary society. Doug

Re: Re: Re: Re: Michael's Question

2001-09-03 Thread Carrol Cox
Doug Henwood wrote: Michael Perelman wrote: Yes, Doug says that with Cuba, it could only happen because of the USSR. You didn't answer any of my other questions about a post-liberal revolutionary society. Do you draw any distinction between the hypothetical situation of a

Predatory finance

2001-09-03 Thread Ian Murray
City slickers did for my pension A nationalised insurance industry would have given me a better deal Special report: Equitable Life Paul Foot Tuesday September 4, 2001 The Guardian If you ventured into the law library at University College, Oxford, 40 years ago, as I did rather infrequently,

Re: Re: Re: Re: Michael's Question

2001-09-03 Thread Michael Pugliese
I'll be even violent opponents of oppressive governments like US pop culture sometimes. Doug See the photographs by documentarian, Susan Meiselas, in her book on the Sandinista Revolution. Full of FSLN combatents in '78 and '79 with t-shirts and baseball caps of U.S. rock stars and Hollywood

Re: Re: Re: Re: Michael's Question

2001-09-03 Thread Michael Perelman
I don't really have much to contribute. US popular culture is powerful, perhaps some sort of bandwagon effect, where everyone wants to identify with what is popular. On Mon, Sep 03, 2001 at 09:54:36PM -0400, Doug Henwood wrote: Michael Perelman wrote: Yes, Doug says that with Cuba, it could

Re: Re: Re: Michael's Question

2001-09-03 Thread Jim Devine
At 07:39 PM 09/03/2001 -0500, you wrote: Do you have any retroactive advice for Juan Bosch or Salvador Allende or [memory block: the Panamanian president who died in a plane crash]? Omar Torrijos (who was replaced by America's Friend, the drug-friendly tyrant, Manuel Noriega, who was later

Re: Re: Prince Bush wimps out against Communism

2001-09-03 Thread Jim Devine
At 04:38 PM 09/03/2001 -0500, you wrote: Does anyone suggest that the Left of today should issue a blanket apology for the crimes of Lenin, Stalin, Mao, and the rest? I'm sure that there are people floating somewhere on the Internet who will apologize for these tyrants, just as there are (a

Re: Michael's Question

2001-09-03 Thread Jim Devine
Michael Perelman wrote: Let me ask a different question: a revolution has broken out in a poor economy, without the ability to confront the imperialism powers head on. Clandestine operations can do great damage to the society. Less committed citizens can be bribed. Misinformation can

Re: Re: Michael's Question

2001-09-03 Thread Jim Devine
Andrew wrote: The United States, India, Israel, Turkey, and Mexico were able to remain both open societies and independent. Each of these successful nations embraced capitalism, albeit to different extents. One additional item to add to Michael's list would be that the revolution is socialist in

business ethics

2001-09-03 Thread Jim Devine
[was: Re: [PEN-L:16633] Re: Re: Re: Re: Atlas shrugged] At 04:09 PM 09/03/2001 -0700, you wrote: Shouldn't the curriculum for business majors be substantially changed so that issue of, say, corporate governance, is viewed through notions of what counts as democratic accountability and

Re: Re: Michael's Question

2001-09-03 Thread michael perelman
Nicely put. Jim Devine wrote: A party's dictatorship is justified in the end only if it uses it to build popular power. Unfortunately, the US and other imperialist powers consistently push these parties to make the decisions that make the most sense militarily rather than democratically. --

Re: Black day for Conrad

2001-09-03 Thread Macdonald Stainsby
. Now, bitter from three years of battle not just with rival newspapers but also with Canada's left-leaning Prime Minister, Jean Chrétien, Excuse me? This huy is as left as Tony Blair, or even less so. The liberal party does nothing to call iself left, from signing NAFTA to reconsidering

Re: business ethics

2001-09-03 Thread Ian Murray
- Original Message - From: Jim Devine [EMAIL PROTECTED] To: [EMAIL PROTECTED] Sent: Monday, September 03, 2001 7:26 PM Subject: [PEN-L:16653] business ethics [was: Re: [PEN-L:16633] Re: Re: Re: Re: Atlas shrugged] At 04:09 PM 09/03/2001 -0700, you wrote: Shouldn't the curriculum

U.S. popular culture

2001-09-03 Thread Tom Walker
I thought it was because U.S. popularculture has an affinity for the image of the misfit or rebel. Maybe that same affinity helps explain the traditional inefficacy of oppositional politics in the U.S. Tom Walker Bowen Island, BC 604 947 2213

Re: Re: Michael's Question

2001-09-03 Thread Macdonald Stainsby
Re: Cuba, Jim Devine writes: It would be even harder if it tried democracy more serious -- i.e., socialist democracy -- than the current US system. Given all the factors that you correctly outlined as to the Cuban situation in the Carribbean beneath America, (etc) it would do us well not to

Re: Michael's Question

2001-09-03 Thread Andrew Hagen
I agree that mine were blanket statements. I do not hold any of these countries up as a model of democratic participation. My aim was to list countries born of revolution that had remained independent while preserving some measure of freedoms for a significant portion of their populations. The

Re: business ethics

2001-09-03 Thread Gar Lipow
Just to make a point though -- in fact business majors were not toughened a great deal. In fact a marketing major is considered one of the easiest majors you can take. The majors which have been made the most difficult (compared to 30 years ago) are English and literature majors. To a lesser

Re: Michael's Question

2001-09-03 Thread Gar Lipow
I tend to think that government (socialist or otherwise) will be at least as repressive as it's population will tolerate, and that when under attack from outside, a population will tend to tolerate a great deal. In short revolutions under attack from a strong outside force will tend to be a