Dennis, I meant US and Japan investments in Germany. You're right,
interlocks between German and French and other European capital are
extensive. Which is one reason why there's a euro (by the way, a German
Marxist scholar visited yesterday, and he said that the euro was all about
defeating the
Does anyone know or know where to find any study of the importance of US
company stock buybacks, plus the importance of global money fleeing Asia
and "emerging countries" generally, on the rise in stock prices? In the
form, let's say, of a percentage rise in stock prices due to these factors
Lou, I'm pleased that my Cuba book was useful to you.
About Harvey review. I want to help make this as sharp as possible, as
there are many Harveyists around. I haven't read his new book and read
Limits to Capital some time ago. But I think I have pretty good sense of
how he thinks, and that
Between 1400-1800 the major nations/regions (and some minor ones)
diversified their peoples' consumption basket via foreign trade. At the end
of the mercantilist/absolutist era in the West, each major nation-state
followed an import substitute industrialization (ISI) foreign
trade/investment
Jim O'Connor writes:
Whether wages increase secularly or not would seem to depend on the
definition of Wallerstein's "average price of labor" which he seems to
equate with "urban wages" (presumably real wages). First, Is he talking
about an increase in the consumption basket or an increase in
Dear Pen-lers, the message sent out on "global economy, Asian crisis,
Greider... was actually from Jim O'Connor. I was only the messenger. Jim
does not use the computer himself. So when he has something to say he gives
it to me to pass along.
Barbara Laurence
