rediff.com
June 29, 2002 | 1440 IST
WTO to probe textile exports to US
BS Economy Bureau
The World Trade Organisation has agreed to create a panel to look into the
complaints made by India against the US blocking its textiles and clothing
exports with complicated new rules.
The European Commis
Title: RE: [PEN-L:27428] Re: RE: Re: capitalism and thiefdom
I wrote:>>And, as I said, it's only "thievery" by the capitalists' own standard ("equal exchange").<<
Justin writes:>How so, if workers get the whole value of what they sell?<
As Marx points out, the workers aren't paid for the l
"Program and Principles of the Revolutionary Soviet Communists
"Section 3
"The Domination of the Bureaucracy"
"Stalin's death untied the hands of the bureaucracy. A minority had followed Stalin's line, kept faith with the Socialist State and wholeheartedly served it, considering that to be their
ORIGINAL COMMENT: "Subject: Economic juggernaut: China is passing U.S. as Asian
power..The New York Times Saturday, June 29, 2002... JAKARTA From South Korea to
Indonesia, China is rapidly strengthening its >economic presence across Asia, gobbling
up foreign investment and chipping away at the
>QUERY:
>Do people on this list think that another world war between imperialisms
is 'inevitable'? What countries-imperialisms line up to face each other?
This query was appended to a rather inflated account of China's economic
power. The last term I would use to describe China is "imperialist".
Hari Kumar:
> QUERY:
> Do people on this list think that another world war between imperialisms
is 'inevitable'? What countries-imperialisms line up to face each other?
Counterquery:
Are China, Vietnam and North Korea semi-colonies?
Ulhas
Title: re: specifics from ANTHRO-L critics re: LTV
[I sent this only to Nancy by mistake. Nancy, if you reply, please reply to this version.]
Nancy B. writes:>I wondered if the list would have any opinions on some
specific arguments from the ANTHRO-L list re: the labor theory of value.
All o
Title: RE: [PEN-L:27427] Re: specifics from ANTHRO-L critics re: LTV
Nancy wrote:>I wondered if the list would have any opinions on some specific arguments from the ANTHRO-L list re: the labor theory of value. All of the following have to do with the idea that value derives not from labor, but
Title: RE: [PEN-L:27430] Re: specifics from ANTHRO-L critics re: LTV
Nancy writes:> I wondered if the list would have any opinions on some specific arguments from the ANTHRO-L list re: the labor theory of value. All of the following have to do with the idea that value derives not from labor, b
Title: RE: [PEN-L:27438] Re: PEN-L digest 198
Hari asks:>Do people on this list think that another world war between imperialisms is 'inevitable'? What countries-imperialisms line up to face each other?<
I don't see a war between imperialisms as inevitable. (That vision seems too bounded by
>
>The coinage of "thiefdom" suggests even more erroneously that it is even
>in part a political hierarchy of thieving. It can *seem" that way but it
>is a social system whereby the value created by cooperative social labour
>accrues legally to those who own the means of production. That is
Title: RE: [PEN-L:27446] Re: capitalism and theft
someone wrote:>The coinage of "thiefdom" suggests even more erroneously that it is even in part a political hierarchy of thieving. It can *seem" that way but it is a social system whereby the value created by cooperative social labour accrues
Title: FW: [PEN-L:27429] RE: Re: capitalism and thiefdom
[By mistake, I sent this only to Gil. Gil, please reply only to the pen-l version.]
I wrote:>>Marx ... assumes a bourgeois system of ethics applies, i.e.,
that every commodity sells at value. <<
Gil writes: >I suspect that the "i.e
Where I wrote
>There's no reason
to think that Marx understands "a bourgeois system of ethics"
to embrace the notion "that every commodity sells at its [labor]
value," and some significant reasons to believe to the contrary.
First, Marx associates the former primarily with *formal* (as opposed to
REMAINING U.S. CEOs MAKE A BREAK FOR IT
Band of Roving Chief Executives Spotted Miles from Mexican Border
San Antonio, Texas (SatireWire.com)
Unwilling to wait for their eventual
indictments, the 10,000 remaining CEOs of
public U.S. companies made a break for
it yesterday, heading for the Mexica
Congresswoman Lee: Hero of the left
Lone congressional dissenter to war powers for Bush
SANTA CRUZ, California (AP) -- President Bush and former New York Mayor
Rudolph Giuliani may be the new post-September 11 heroes for most of the
United States, but in liberal pockets across the nation, Congre
Gil Skillman wrote:
"Now, clearly Marx isn't saying this
assumption [exchange of equivalent values] "has to be" made, "must" be imposed,
to satisfy the demands of etiquette, or on ethical grounds, or because somebody
will break your legs if you don't; Marx is saying that this conclusion is
Title: Marx & Value.
(stuck at home, waiting for the plumber.)
Gil originally wrote:>>>There's no reason to think that Marx understands "a bourgeois system of ethics" to embrace the notion "that every commodity sells at its [labor] value," and some significant reasons to believe to the cont
Where I wrote
>Gil Skillman wrote:
>
>"Now, clearly Marx isn't saying this assumption [exchange of equivalent
>values] "has to be" made, "must" be imposed, to satisfy the demands of
>etiquette, or on ethical grounds, or because somebody will break your legs
>if you don't; Marx is saying that t
- Original Message -
From: "Justin Schwartz" <[EMAIL PROTECTED]>
> >
> >
> >
> >I wonder how many in the legal profession would clig to those
> >assertion after reading Arthur Ripstein's latest?
>
> What does Arthur say? But I don't imagine he'd change many
minds.
===
Michael Yates thought that we would be interested in this book.
Ashwin Desai, We Are the Poors,
The Poors of South Africa
The valiant struggle of the Black and colored people of South
Africa to
end the system of racial oppression known as apartheid galvanized
progressives around the worl
joanna bujes wrote:
>
> Why does this theoretical point matter enormously at this turn of history?
> If you're referring to the current scandals, I understand. Otherwise,
> please explain.
>
In practical political terms, the capitalism is theft line has the same
dangers that conspiracy theori
The Federal Employee Health Benefit Plan has been around since 1960. I am
trying to find data on coverage levels, cost of services, cost of overhead,
etc. Does anyone know where to look for this info?
Thanks in advance,
Doug Orr
The insanity of it.
The attention devoted to the WorldCom scandal sends stock prices sliding.
Yet there is no sliding when Greenspan cooks the books by manipulating the
markets on a vaster scale --by messing about with interest rates.
Greenspan's very lowering of rates helped promote the kind of
Title: RE: [PEN-L:27460] Greenspan's cooked book
> The insanity of it.
>
> The attention devoted to the WorldCom scandal sends stock
> prices sliding.
> Yet there is no sliding when Greenspan cooks the books by
> manipulating the
> markets on a vaster scale --by messing about with interest
Devine, James wrote:
>other righties want to "go back to the gold standard," perhaps
>because they've hoarded gold in the past and want to benefit from
>capital gains...
And because it's stateless money, and the only major asset for which
there is no correponding liability (except that incurr
Title: O Canada.
BTW, I forgot to wish our neighbors to the north a happy "Canada Day."
Jim Devine [EMAIL PROTECTED] & http://bellarmine.lmu.edu/~jdevine
We used to have a joke among friends back in those good old days:
"Who am I? Where are my identification cards?"
Well. At least, ours was a joke. These people sound quite
serious.
Sabri
++
Bad times turn worse for venture capitalists
Sun Jun 30, 4:31 PM ET
By MICHAEL LIEDTKE, AP
>The fundamentalists that call for free markets don't call for the abolition
of the role of the Fed in manipulating financial relations. The Fed
constitutes the effective hub of the financial system. This means that the
state is the hub of the financial system. Free markets would mean taking the
s
<[EMAIL PROTECTED]> wrote:
>And, lest we forget, there is more that a little strain of such fundamentalism
>in Marx. The whole "fictitious capital" bit is of a piece with the line of
>history's monetary cranks. For Marx, and money created by debt that is not
>secured or not backed by a commodity
Jim: actually, Milton Friedman wants to take the Fed's power away. He used
to
want a constitutional amendment that forced the Fed to increase the money
supply (however that's defined) by 3 percent or so each year, no matter what
the impact on interest rates. Last time I heard, he wants the Fed to
The Economic Times
Monday, July 01, 2002
ExxonMobil to take stake in Chinese project
AFP
BEIJING: US-based energy giant ExxonMobil will join a Royal Dutch/Shell
Group-led consortium chosen to build a $5.6-billion natural gas pipeline
across China, executives said on Monday.
The company's part
Christian: And, lest we forget, there is more that a little strain of such
fundamentalism
in Marx. The whole "fictitious capital" bit is of a piece with the line of
history's monetary cranks. For Marx, and money created by debt that is not
secured or not backed by a commodity is "fictitious," with
Doug: Yup. When I was posting that thing about right-wingers love of gold,
I was thinking how similiar the analysis and temperament are to lots
of Marxists, with their belief that the state can only postpone,
never prevent, crises; the suspicion that only gold is real money,
the rest is delusion;
Doug Henwood wrote:
>
> Devine, James wrote:
>
> >other righties want to "go back to the gold standard," perhaps
> >because they've hoarded gold in the past and want to benefit from
> >capital gains...
>
> And because it's stateless money, and the only major asset for which
> there is no corr
Carrol Cox wrote:
>Doug Henwood wrote:
>>
>> Devine, James wrote:
>>
>> >other righties want to "go back to the gold standard," perhaps
>> >because they've hoarded gold in the past and want to benefit from
>> >capital gains...
>>
>> And because it's stateless money, and the only major asset
Title: RE: [PEN-L:27467] Re: RE: Greenspan's cooked book
Jim: >>My numbers say that the real interest rate in the US rose pretty
steeply in 2001 (the crisis year)...<<
Karl: >You must joking. The interest in 2001 where historically quite low. It is just that they have even lower now (the US
I wrote that Marx
(1) said that exchange of equivalents must be assumed, not
because surplus-value cannot arise otherwise, but "IN ORDER TO
OBSERVE the phenomenon of the formation of capital on the basis of
the exchange of commodities IN ITS PURITY..." (my emph.)
and
(2) said that this must be
Title: RE: [PEN-L:27465] Re: Greenspan's cooked book
Christian wrote:>And, lest we forget, there is more that a little strain of such fundamentalism in Marx. The whole "fictitious capital" bit is of a piece with the line of history's monetary cranks. For Marx, and money created by debt that is
Jim: I may be wrong, but not joking. If you take the long-term (20 year)
treasury
bond rate and subtract the inflation rate, you get (one) estimate of the
long-term real interest rate. It rose during 2001, even though the
short-term nominal rate fell steeply.
Karl: Just have a look across the A
Jim: While I understand the type of people that you and Doug are talking
about,
Marx is pretty clear about what "fictious capital" is: it's capitalized
future income streams. It's called "fictitious" because the future is
insecure & unknown. The thing is that some of that "fictitioous capital" has
- Original Message -
From: "Doug Henwood" <[EMAIL PROTECTED]>
> >
> >What about storage costs? Insurance?
>
> Nothing's perfect.
>
> Doug
>
==
That's what folks at Zen monasteries say :-)
Ian
Bye bye American pie
Behind the crisis in corporate America is a combination of
pernicious Southern conservatism and unadulterated greed, argues
Will Hutton. [EMAIL PROTECTED]
Sunday June 30, 2002 The Observer
The US faces a grave economic crisis. The confidence in the
balance sheets and repo
I agree with Jim D.'s interpretation of fictitious capital -- it is a capitalization
of future income streams.
--
Michael Perelman
Economics Department
California State University
Chico, CA 95929
Tel. 530-898-5321
E-Mail [EMAIL PROTECTED]
> Karl: Am not sure what you are saying here.
Basically, in Marx, fictitious capital is any income that is mathematically
"backed out" of (capitalized out of) any security. As far as fictitious
capital goes, for Marx there is no difference between state debt (ie
treasury bills and bonds), corpor
The Guardian (London) July 1, 2002
Copyright 2002 Guardian Newspapers Limited
The Guardian (London)
July 1, 2002
SECTION: Guardian Leader Pages, Pg. 17
LENGTH: 1178 words
HEADLINE: All that is left is power: For 20 years we've been coerced and
cajoled to become share-dealers. Now the love a
Title: the bezzle
Smile, we've been bezzled
James Buchan
Friday June 28, 2002
The Guardian [UK]
In the sequence of boom and bust that has been the history of financial markets since the 17th century, there is a parallel or underlying process which might be called a cycle of crime. JK Gal
(This article serves to emphasize the points made in David Noble's classic
"Forces of Production", namely that the ruling class is always seeking ways
to deskill the worker--to cheapen his or her labor power. In Noble's book,
the focus was on how tool-and-die makers resisted the introduction of
nu
Dear Louis,
Could you forward this text about the repression in Argentina to a variety
of US leftist lists/sites, and request further publicity. It's in Spanish,
which means there it might be difficult for some, but there are many who
speak it, so... If anybody is interested in making a quick tra
Although Stephen Spielberg emerged side-by-side with George Lucas as a
purveyor of juvenile film fantasies during the Reagan era, he has evolved
into one of the more important social commentators in Hollywood. Whether
dealing with racial oppression ("The Color Purple", "Amistad") or the
holocaust
[this one will definitely have GWB yelling "Goddanggit!"]
[NYTimes]
July 2, 2002
Everyone Is Outraged
By PAUL KRUGMAN
Arthur Levitt, Bill Clinton's choice to head the Securities and
Exchange Commission, crusaded for better policing of corporate
accounting - though he was often stymied by the po
Microsoft's anti-piracy plans spark controversy
17:05 01 July 02
NewScientist.com news service
A recent software update for Microsoft's Windows Media Player
requires users to permit the automatic installation of undisclosed
future anti-piracy measures.
Computer enthusiasts have raised concerns
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