It has to do with the connection between the accumulation of capital
ascribable to the creation of surplus value on one side, and the cascading
mountainous accretion of debt instruments on the other, the whole
multi-trillion dollar financial complex. How, basically, do the two
connect
in a
Published on Saturday, December 13, 2003 by CommonDreams
In U.S., Jobs Market Blues
by Seth Sandronsky
Officially, job creation and economic growth are goals of the Bush White
House. That might be news for many ordinary Americans of all ages and skin
colors.
Their daily experiences with the
Dec. 14
Hi PEN-L:
In Davis, CA, one side of the Mideast story just got silenced. More info
below.
Seth Sandronsky
From: [EMAIL PROTECTED]
To: [EMAIL PROTECTED]
Subject: Bus Tour halted in Davis - Take Action
Date: Sun, 14 Dec 2003 00:20:04 -0600
In this alert:
Action Alert
Events Dec 14-20,
Paul, thanks for your comments. My responses below.
On Fri, 12 Dec 2003, Paul wrote:
Fred,
Very glad you could make it - you were missed! I want to think more about
your post but have one small and one larger reflection.
1. I think we can all agree on the big focus of profit rates, as
Hi Jim, thanks for your good questions. A few responses below.
On Fri, 12 Dec 2003, Devine, James wrote:
Hi, Fred.
you write:
6. I have suggested another explanation of these important
trends, one
based on Marx's distinction between productive labor and unproductive
labor - that an
On Fri, 12 Dec 2003, paul phillips wrote:
Devine, James wrote:
Hi, Fred.
you write:
spite of the loss of workers' power and stagnant real wages -
because the
ratio of unproductive to productive labor has continued to increase.
A big question: _why_ does the ratio of
On Fri, 12 Dec 2003, Mike Ballard wrote:
I'm obviously not an economist.
Just a wondering Wobbly,
Mike, what a great description!
I wish there were more wondering Wobblies!
Comradely, Fred
On Fri, 12 Dec 2003, Devine, James wrote:
Paul,. your story makes sense (though I'd add a lot). My question is
for Fred, though. The classical Marxian story stresses the role of the
organic composition rising due to some societal or technological
imperative. For Fred, the rise of the ratio of
On Sat, 13 Dec 2003, Doug Henwood wrote:
Fred Mosley wrote:
6. I have suggested another explanation of these important trends, one
based on Marx's distinction between productive labor and unproductive
labor - that an important cause of the declines in the share and the rate
of profit was a
On Sat, 13 Dec 2003, Doug Henwood wrote:
Fred B. Moseley wrote:
5. The most popular radical-Marxian explanation of these profit rate
trends has been the reserve army profit squeeze theory - that low
unemployment rates in the late 1960s and early 1970s increased workers
power, and enable
This is very interesting. I always regarded Norway as the Gold Standard in
rational oil exploitation.
--
Michael Perelman
Economics Department
California State University
michael at ecst.csuchico.edu
Chico, CA 95929
530-898-5321
fax 530-898-5901
Fred B. Moseley wrote:
You are comparing a cyclical low (1982) with a cyclical high (1997).
And do your estimates include interest?
1997 was four years before the cyclical high, actually. But the 1982
low was in many ways - political as well as economic - a point of
structural reversal. Mexico's
I thought we could generate a million dollars for the company and reach a
million people with the extraordinary story of Playboy and its impact on the
world of literature, design, ideas and art, says Christie Hefner, chairman
and CEO of Playboy Enterprises, the founder's daughter. We know we have
Dutch troops in Iraq will be relieved in January and the replacement troops
will start transferring power to the Iraqis in March. The troops will
gradually withdraw from cities and villages. They are currently carrying out
patrols, engaged in the provision of armed escorts to convoys or manning
I am surprised that they caught him so early. I thought that it would
come closer to the election. But then, since he has doubles, maybe they
could catch a Saddam every few weeks.
--
Michael Perelman
Economics Department
California State University
Chico, CA 95929
Tel. 530-898-5321
E-Mail
Bush appeared to be unusually cautious in his victory televison
broadcast, which seemed to be crafted towards Iraqis rather than US
electors. That is at least one achievement of Saddam's resistance and
that of the wider Iraqi people.
But if the allied invasion of Iraq was illegal, so was the
On Thu, 11 Dec 2003 13:16:55 -0500, Michael Pollak
wrote:
[I thought this was a surprising good discussion that
covered all the
bases.]
Interesting though, that the general principle that in
a fixed rate system the burden of adjustment falls on
the deficit country, is completely ignored; ie
Saddam Hussein should be trialed in Iraq, said Minister Bot of Foreign
Affairs on Sunday, in response to the arrest of the former dictator.
Trialing by an international tribunal would give a wrong signal towards
Iraq. Iraqi's had indicated that they want to handle things themselves, said
the
Jurriaan, thank you for your thoughtful response. I dug out a passage of
Sweezy's here, one of the occasions when he attempted to formulate the
problem that he saw and found no answers to. And as I said yesterday, I
haven't seen it yet either, so I'm inquiring. Here he's been discussing
Keynes in
[Los Angeles Times]
Digging for Oil on Campus
ChevronTexaco is giving $5 million to USC to develop new technologies for
recovering fossil fuels. Is this the 'corporatization' of academia?
By Nancy Rivera Brooks
Times Staff Writer
December 14, 2003
The hunt for lower-cost oil and natural gas has
In a message dated 12/14/03 1:12:16 PM Pacific Standard Time,
[EMAIL PROTECTED] writes:
The present financial explosion which is unprecedented can't be handled in
terms of the hints in Volume III about finance. Although, they are not
unuseful, not without considerable value. The whole notion of
As a first offering
On this question, and indeed the current and recent conditions of US
capital-- the economy or rather, the Economy
1. Certainly there has been a defensiveness regarding Keynes, this
the reflection of capitalism's ability to more than survive, but recover,
recuperate,
FWIW, Christie Hefner graduated from my high school when I graduated (and Hugh showed
up at our graduation), though she was known as Christie Gunn back then and I didn't
know her very well. She changed her last name to her biological father's and then got
the big money.
Jim
I thought we could
Hi Ralph,
I think that Marxists have a certain defensiveness about Keynes: we
mustn't
take seriously a bourgeois thinker because it may infect us and we may
turn
out to be revisionists without wanting to be, you know.
Well, I think the nature of the thing is that many people who read Das
FWIW, Christie Hefner graduated from my high school when I graduated (and
Hugh showed up at our graduation), though she was known as Christie Gunn
back then and I didn't know her very well. She changed her last name to her
biological father's and then got the big money.
Amazing. I didn't know
This article seems to equate money laundering with muslin fundamentalism. I
wonder how much is done by corporations for tax avoidance.
Eubulides wrote:
Smart money
Chris Petit is fascinated by the power of illegal capital, revealed in
Loretta Napoleoni's Modern Jihad and Jeffrey Robinson's
J wrote:
The first article I ever read about Fidel Castro was
a story by Tad Szulc, in Playboy or Penthouse.
Playboy deserves a rightful place in Yanqui social liberation history.
The interviews were remarkable. As a lad, I was obviously attracted because of
beautiful females. And we males
Fred B. Moseley wrote:
Hi Doug, you are right that the appropriate unit of analysis is the world
economy, and that surplus-value produced by e.g. Chinese workers is
appropriated by US capitalists. But since this surplus-value is
appropriated by US capitalists, it is mostly included in the
Hi Ken,
You wrote:
Playboy deserves a rightful place in Yanqui social liberation history. The
interviews were remarkable. As a lad, I was obviously attracted because of
beautiful females. And we males can't help that, being hard wired as such.
But there were these incredibly intelligent
A tall order
It's painful and slow, but can make you five inches taller. Jonathan Watts
on the surgical trend sweeping China - leg-lengthening
Monday December 15, 2003
The Guardian
Kong Jing-wen has paid £5,700 to have both of her legs broken and
stretched on a rack. The pretty college graduate
michael wrote:
muslin fundamentalism
Nice to see this concern with the fabric of daily life.
Doug
I knew a woman who had a similar operation on one leg, to equalize the
length with the other one. As soon as she recovered from her operation,
she left her husband.
On a more serious note, people like Daniel Hammermesch, for example in
Biddle, Jeff E. and Daniel S. Hamermesh. 1998. Beauty,
EU failure sets stage for trade roadshow
Larry Elliott
Monday December 15, 2003
The Guardian
The caravan moves on. At the weekend it was Brussels, today it's Geneva.
For wrangling over the European Union's draft constitution read a
stand-off in the global trade talks. One international meeting
The Fidel Castro article I referred to was actually by Fernando Morais, in
Penthouse, December 1978 issue (a collector's item these days). Tad Szulc
wrote mainly on American subversion of foreign governments as I recall,
although he later also published a biography of Castro. Oui magazine also
What a story...
It hurts, but it will be worth it to be
taller. I'll have more opportunities in life and a better chance of
finding a good job and husband.
It isn't even true, in my experience.
J.
From foot-binding to leg-lengthening. Progress of a sort, I suppose
Gil
A tall order
It's painful and slow, but can make you five inches taller. Jonathan Watts
on the surgical trend sweeping China - leg-lengthening
Monday December 15, 2003
The Guardian
Kong Jing-wen has paid £5,700 to have
Jurriaan Bendien wrote:
Personally, I never stop thinking,
although the brain seizes up sometimes. It's one of the most interesting
things you can do with your own brain, really.
What's tougher than that is to be able to stop thinking while remaining
conscious and highly sensitive. (not
[Los Angeles Times]
2000 Argentina Bribe Scandal Reopens After New Confession
By Héctor Tobar
Times Staff Writer
December 14, 2003
BUENOS AIRES - A congressional official's emotional confession in a report
published Saturday has reopened one of Argentina's most notorious
scandals, shedding light
Castro has a great sense of humor and gives great interviews. In one of
the interviews you mention, he is asked whether there could be a
socialist revolution in the U.S. He denies the possibility citing the
undermining power of advertising on Americans' ability to desire
something (for example,
Gil Skillman wrote:
From foot-binding to leg-lengthening. Progress of a sort, I suppose
Not at all, I think. The article just made me muse about the medieval
horrors raised up in my mind's eye by the description of this procedure
...and how these tortures are now self-imposed.
So long as we
On Sun, 14 Dec 2003, Doug Henwood wrote:
Fred B. Moseley wrote:
You are comparing a cyclical low (1982) with a cyclical high (1997).
And do your estimates include interest?
1997 was four years before the cyclical high, actually. But the 1982
low was in many ways - political as well as
In a message dated 12/14/03 7:25:48 PM Pacific Standard Time,
[EMAIL PROTECTED] writes:
The Fidel Castro article I referred to was actually by Fernando Morais, in
Penthouse, December 1978 issue (a collector's item these days). Tad Szulc
wrote mainly on American subversion of foreign governments
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