Re: Sharecropping: question to Melvin

2003-07-31 Thread Paul_A
Melvin P. writes: Any impartial investigation of the plantation belt of the South after the Civil Wall will reveal who owned what. Wall Street imperialism owned the vast majority of the land, possessed the capital and political will... Melvin P. Could you give some more details on the ownership

Basra: The Geneva Conventions

2003-04-01 Thread Paul_A
Summary The entire city of Basra's water supply was cut last Friday (affecting some 1 million people). For a heavily populated third world city in the desert, no water (and thus also no sanitation with the resultant epidemics) can lead to tens of thousands of deaths. This is what happened in

Re: The Stalingrad thesis.

2003-03-29 Thread Paul_A
Jim Devine wrote: right. I've been telling people that I fully expect the US to win the war (especially since Honor is At Stake and we wouldn't want a repeat of Somalia) but then lose the occupation. I think I've been right: the US will be trying to run a Gaza Strip the size of California.

'Oil for Food'/ Contol of future Oil Exports

2003-03-25 Thread Paul_A
http://www.alertnet.org/thenews/newsdesk/N25115325.htm Reuters continues to follow the story, although it does not seem to have the specifics. Note: Condoleezza Rice is flying to NY today (Teusday) to meet urgently with Annan in person. It would not seem likely she would do so at such time if

Politics of 'Oil for Food': First Shoe Drops

2003-03-22 Thread Paul_A
Further to my post yesterday. The article, posted from Brussels, is short on specifics: exactly what has the US\UK proposed, what is in the draft resolution circulated in NY and being discussed in a closed Security Council Meeting today. Am not aware of any reporting from the UN or

The Politics of Food for Oil: A second shoe drops

2003-03-22 Thread Paul_A
Just found this on the wire - according to Google News this is the only such report. The big issues seem to be out on the table yet I still know of very little reporting in the press or tv. Looks like yesterday's France's position at the Brussels meeting may lead the US/UK to postpone trying

Re: Re: Politics of 'Oil for Food': First Shoe Drops

2003-03-22 Thread Paul_A
Ken Hanely wrote: Is there really any possibility that the US would allow the UN to be in charge of post-Hussein Iraq? Of course they want a do-gooder role for the UN so that the cost of humanitarian aid and reconstruction can be shifted from the destroyers to critics of the war. But isnt it

Politics of 'Oil for Food': The big catch

2003-03-21 Thread Paul_A
http://www.moscowtimes.ru/stories/2003/03/20/042.html Thursday, Mar. 20, 2003. Page 7 Report: U.S. Plans to Tap $40Bln Iraq Account In itself, the current proposal of Kofi Anon is technical and almost required: the residual unspent amounts left over from the sale of Iraqi oil under the

Did you attend the ASSA? Press reviews

2003-01-21 Thread Paul_A
I just did a quick web search of the press coverage of the AEA meetings. In a way, it jibs with the thrust of Ellen Frank's remarks. The Post and the Boston Globe leave an impression of establishmentarian discomfort with the Bush tax proposals (at one panel Allen Sinai of Wall Street and

Did you attend the ASSA?

2003-01-19 Thread Paul_A
Anyone out there willing to comment on the ASSA meetings? Some questions (feel free not to address these): For the AEA: What was the tone? (continuing triumphalism of the NeoLibs?; hedging bets by giving a bit more space to the long neglected Stiglitz\Solow wing?) What were the 'star' big

Rates of Profit: Lat. Am. Debt

2003-01-17 Thread Paul_A
Yea...I threw it in because it is one of the more overlooked aspects of the Lat Am debt crisis of the '80s. Only a small slice was sovereign debt. The biggest single slice was parastatals (with government guarantees ranging from none to limited) and this debt carried the resultant risk

Rates of Profit: Recent Estimates\Japan

2003-01-15 Thread Paul_A
cowardly and selfish leadership; how disingenuous of the Bretton Woods institutions to help push this along. At 07:13 AM 1/15/2003 -0500, you wrote: Hi Paul A., Thanks again very much for your very interesting comments. A few responses below. On Tue, 14 Jan 2003, Paul_A wrote: Hi Fred

Rates of Profit: Recent Estimates

2003-01-14 Thread Paul_A
Hi Fred, Thanks to you for your post and, more to the point, your hard work and serious contributions to precisely this question over a number of years. Yes, D L are very measured on this point. In fact they explicitly limit themselves to just presenting the stylized facts. Still, since

Rates of Profit/Jim Devine

2003-01-13 Thread Paul_A
Jim, Thanks for your reply and apologies for my delayed reply (difficulty in reading). The draft pamphlet, from the link you posted, is really quite good. I hope you plan to finalize and put it out - it will be a useful resource. But I am still nagged by the big picture question. IF, IF indeed

Rates of Profit: Recent Estimates

2003-01-10 Thread Paul_A
There is a 'must-see' article in URPE's RRPE, Fall issue (latest?) by Dumenil and Levy. The most salient point is that they see a LONG RUN upturn in the rate of profit since 1982 which was the bottom of a 34 year decline. So far, as of 2000, there has only been a partial recovery (since 1982

Rates of Profit\Measuring K

2003-01-10 Thread Paul_A
You make a very valid point. Also, as I understand it, you are saying that the measurement is empirically difficult but not conceptually flawed (since we are unabashedly measuring the cost of capital in the context of a ratio and NOT pretending to 'measure capital' to then make 'what if'

Sweezy's occ\Shaikh

2002-10-30 Thread Paul_A
Jim Devine writes: Shane, you've opened up a can of worms much larger than I can stomach at this point. Instead of trying to do so, I'll simply agree to disagree: 1) I find that Marx's theory of unproductive vs. productive labor to be superior to other versions of that theory (e.g., those of

Yen still overvalued\Japanese Keynsianism

2002-03-07 Thread Paul_A
Isn't this a bit out of date? The Japanese had been bashed for not running large fiscal deficits but for the last few years DID turn to fiscal Keynsianism, and on a large scale (sorry, I don't have the numbers handy). What is significant - and scary - is how little it has worked. Perhaps this

re: Yen still overvalued\Japanese Keynsianism

2002-03-07 Thread Paul_A
I wrote: Isn't this a bit out of date? The Japanese had been bashed for not running large fiscal deficits but for the last few years DID turn to fiscal Keynsianism, and on a large scale (sorry, I don't have the numbers handy). Jim Devine writes: If it's out of date, I'd like to know. I'm not a

Yen still overvalued\Japanese Keynsianism

2002-03-07 Thread Paul_A
Jim writes: To see a structural deficit, there would have to be (1) legislated tax cuts; (2) legislated transfer-payment increases; and/or (3) increases in government purchases. Have these happened in a big way? Yes. In a very big way (especially #3). And that is why it seems to be such an

SL bailout cost: what effects?

2001-03-12 Thread Paul_A
A new congressional study puts the price tag of the savings and loan debacle at $ 480.9 billion, much higher than previous estimates of the government bailout. Question: what are the tangible effects of putting $500 billion into a financial system - directly and without links to productive

Nader 3? Blaming who?

2000-11-07 Thread Paul_A
If you think there's no difference between a Clinton-Gore EPA and a Bush-Cheny EPA you need to have your brain overhauled. Brad: Surely by now you have caught the point: people don't feel there is ENOUGH of a difference to endure a permanent abandonment by the Democratic Party of many of its

Re: Re: Nader 3? Blaming who?

2000-11-07 Thread Paul_A
Sorry, I don't think you want to listen (and this has been the larger problem all along) and I'd rather not continue in this tone. Signing off for now. PA PS I am not a faction You shoot yourself in the foot and then look around for someone else to blame? Why not be an adult, recognize that

Bolivia, A16, and Bechtel

2000-04-13 Thread Paul_A
Am I right that the tragedy in Bolivia REALLY needs to be brought out at A-16? Are these a few relevant points?: 1) Bolivia is hardly an exception. For a number of years the WB has made privatization and imposing higher prices for basic drinking water supply to the poor a centerpiece a