RE: Re: RE: Re: Re: Re: Protectionism US style

2002-05-15 Thread Devine, James
N-L:26017] Re: RE: Re: Re: Re: Protectionism US style > > > Devine, James: > > > Ulhas writes:>Why does the world continue to accept debt payment in > dollars? > > I remember De > > Gaulle refusing dollars and demanding payment in gold in '60s.< > &g

Re: Re: Re: Re: Re: Protectionism US style

2002-05-15 Thread Ulhas Joglekar
Romain Kroes wrote: > Ulhas Joglekar wrote: > How would Luxemburgism explain this phenomenon? > > In this matter, Luxemburgism postulates an organic relationship between > imperialism and capital accumulation process. Current "Globalization" is > verifying it. My question was about the nature of

Re: RE: Re: Re: Re: Protectionism US style

2002-05-15 Thread Ulhas Joglekar
Devine, James: > Ulhas writes:>Why does the world continue to accept debt payment in dollars? > I remember De > Gaulle refusing dollars and demanding payment in gold in '60s.< > > because the U.S. is the most powerful country in the world and in the era > since 1971-73, money based on political-m

Re: Re: Re: Re: Protectionism US style

2002-05-15 Thread Romain Kroes
Ulhas Joglekar wrote: > Why does the world continue to accept debt payment in dollars? I remember De > Gaulle refusing dollars and demanding payment in gold in '60s. During the second half of 19th century, England, because of her systematically negative balance of trade, had invented the "balanc

RE: Re: Re: Re: Protectionism US style

2002-05-15 Thread Devine, James
Ulhas writes:>Why does the world continue to accept debt payment in dollars? I remember De Gaulle refusing dollars and demanding payment in gold in '60s.< because the U.S. is the most powerful country in the world and in the era since 1971-73, money based on political-military power has replaced