RE: Re: The US Dollar (spend it fast as you can)

2001-07-23 Thread Max Sawicky
. . . As we have had most graphically demonstrated over the past two decades, economic growth is not a means to enable the nations to afford better housing, social programs and a more equitable distribution of income. Economic growth is an ideological program offered as a substitute for

Re: RE: Re: The US Dollar (spend it fast as you can)

2001-07-23 Thread Michael Pugliese
: Monday, July 23, 2001 9:23 AM Subject: [PEN-L:15466] RE: Re: The US Dollar (spend it fast as you can) . . . As we have had most graphically demonstrated over the past two decades, economic growth is not a means to enable the nations to afford better housing, social programs and a more equitable

Re: Re: The US Dollar (spend it fast as you can)

2001-07-20 Thread Rob Schaap
G'day Seth, Tom and Mark, Tom Walker wrote regarding the false hope of re-starting economic growth: “Difficult to sell to the mainstream?” Tom, do you mean selling the growth is the problem, not the solution to what ails us message to the news media or to the general

Re: Re: RE: Re: RE: Re: Re: The US Dollar (spend it fast as you can)

2001-07-19 Thread Rakesh Narpat Bhandari
Lind is not a nativist. He is a liberal nationalist. He may be a Listian, but to me that is not necessarily a Bad Thing. The idea that he is a right-wing plant is hallucinatory. mbs While what Pugliese downloaded includes reasonable criticisms of a neo bracero program, it soon became an

Re: Re: The US Dollar (spend it fast as you can)

2001-07-19 Thread Michael Pugliese
. DISSENT /WINTER 2000 /VOLUME 47, NUMBER 1 - Original Message - From: Rakesh Narpat Bhandari [EMAIL PROTECTED] To: [EMAIL PROTECTED] Sent: Thursday, July 19, 2001 8:57 AM Subject: [PEN-L:15343] Re: Re: RE: Re: RE: Re: Re: The US Dollar (spend it fast as you can) Lind

RE: Re: The US Dollar (spend it fast as you can)

2001-07-19 Thread Max Sawicky
Under this form of class solidarity, there would be no trade unions worthy of the name. Real class solidarity means you protect union jobs. If you aren't in a union, you protect them towards the day when you can be in one, which protecting furthers. In a strike situation, calling for all to be

Re: Re: The US Dollar (spend it fast as you can)

2001-07-19 Thread Jim Devine
If protecting union jobs is the only point, anti-immigrant pro-protectionist nativism is patently pointless. New immigrant workers are more pro-union than native-born workers -- hence the AFL-CIO's new stance. To survive, organized labor has to sign up as many as it can, native or

Re: Re: The US Dollar (spend it fast as you can)

2001-07-19 Thread Jim Devine
At 02:05 PM 7/19/01 -0400, you wrote: Jim Devine says: Michael wrote: It may be that intellectual property laws may be the most effective form of protectionism devised so far. except that it's not the kind of thing that's called protectionism. It protects individual corporations or other

RE: Re: The US Dollar (spend it fast as you can)

2001-07-19 Thread Max Sawicky
If protecting union jobs is the only point, anti-immigrant pro-protectionist nativism is patently pointless. New immigrant workers are more pro-union than native-born workers -- hence the AFL-CIO's new stance. To survive, organized labor has to sign up as many as it can, native or

RE: Re: Re: The US Dollar (spend it fast as you can)

2001-07-19 Thread Max Sawicky
I'm thinking about how to get from here to there, and Yoshie is talking about getting from there to here. mbs Yoshie is thinking long-term, while it seems that Max is thinking short-term . . .

RE: Re: Re: The US Dollar (spend it fast as you can)

2001-07-19 Thread Max Sawicky
Oy vey indeed. Reading Rakesh makes me forget what I actually said about Lind. I'm sure I didn't say he was my leader. I'm about 2/3rds thru The Next American Nation. I've said the analysis of race and class history in the book is very persuasive. It's good populism. I'm on his elaboration

RE: Re: The US Dollar (spend it fast as you can)

2001-07-19 Thread Max Sawicky
I doubt that the majority of Mexican residents Mexican-Americans in the USA are against trade with, investment in, immigration from Mexico. . . . Yoshie Neither am I. mbs

Re: Re: The US Dollar (spend it fast as you can)

2001-07-19 Thread Jim Devine
Yoshie writes: There's nothing on the political horizon to replace US hegemony -- therefore Ellen's dissertation on dollarization holds up, I think, despite the alarms sounded by Wynne Godley who writes as if the USA had already entered into the same twilight of the empire that the UK had

Re: Re: The US Dollar (spend it fast as you can)

2001-07-19 Thread Jim Devine
At 02:24 PM 7/19/01 -0700, you wrote: The premise only supports the conclusion on the condition that hegemony is a zero-sum game. US drops ball; someone else picks it up. Uh-uh. Much more dangerous possibilities have presented in the past, such as during roughly the first half of the last

Re: Re: The US Dollar (spend it fast as you can)

2001-07-19 Thread Ellen Frank
[EMAIL PROTECTED] writes: Sounds like a great diss. Did you ever publish an article summarizing it? If not, what school did you do it at? Thanks, Michael. Unfortunately I did not. The official dollar role has been over since 1973. The US has run current account deficit in every single

Re: Re: The US Dollar (spend it fast as you can)

2001-07-18 Thread Rakesh Narpat Bhandari
Actually, I don't overlook this. In fact I wrote my dissertation on this and looked into the role of historical inertia quite closely and it doesn't hold up. Sounds like a great diss. Did you ever publish an article summarizing it? If not, what school did you do it at? The official

Re: Re: The US Dollar (spend it fast as you can)

2001-07-18 Thread Michael Perelman
It may be that intellectual property laws may be the most effective form of protectionism devised so far. -- Michael Perelman Economics Department California State University Chico, CA 95929 Tel. 530-898-5321 E-Mail [EMAIL PROTECTED]

RE: Re: Re: The US Dollar (spend it fast as you can)

2001-07-18 Thread Max Sawicky
Michael Lind (The Next American Nation) makes the point that patents, IP, and professional licensure (i.e., tenure!) are the upper-class (white overclass) variant of protectionism. Consistent free-traders should be willing to do away with those barriers to trade as well. How do laissez faire

Re: Re: The US Dollar (spend it fast as you can)

2001-07-18 Thread Rakesh Narpat Bhandari
Rakesh Narpat Bhandari wrote, And the size of the CAD (and trade deficit) is not correlated with the value of the dollar; if it were there would be some reason to expect Tom W's scenario of an imminent mass dumping of dollars. Why does there seem to be no correlation? Ellen's analysis seems to

Re: Re: Re: The US Dollar (spend it fast as you can)

2001-07-18 Thread Jim Devine
Michael wrote: It may be that intellectual property laws may be the most effective form of protectionism devised so far. except that it's not the kind of thing that's called protectionism. It protects individual corporations or other property-holders, not the domestic markets of countries.

RE: Re: RE: Re: Re: The US Dollar (spend it fast as you can)

2001-07-18 Thread Max Sawicky
Lind is not a nativist. He is a liberal nationalist. He may be a Listian, but to me that is not necessarily a Bad Thing. The idea that he is a right-wing plant is hallucinatory. mbs . . . Michael told me not to insult anyone, so I will hold back my comments on the neo-nativist and