[PEN-L:7729] Re: Re: Re: Re: Re: social fascism

1999-06-04 Thread Henry C.K. Liu

Reminds me of a 1950's phenomenon:  when French Communists tourists began to come 
after the War to America to tour the country by car, they used to curse American 
drivers who cut them off in traffic by sticking their heads out the window and yell: 
"Capitalist!"  The Americans of course were puzzled why the French tourist would pay a 
perfect stranger a compliment.

Henry

Charles Brown wrote:

  Jim Devine [EMAIL PROTECTED] 06/04/99 12:12PM 
 Charles writes: I don't agree that "fascism" has lost value from overuse.
 I would say it is underused and misapplied.

 I guess we have to agree to disagree on that, but I'll summarize my
 position: using the word "fascism" too much can be like referring to a
 man's disrespectful and unwanted touching of a woman on a date as a form of
 "rape." It devalues the word.

 Charles: Or like the little boy who cried wolf. Yes, this is a pretty much a common 
sense idea. It just doesn't apply to "fascism".

 I wrote: What does calling the Governor of Michigan (Engler?) a "fascist"
 say except that we don't like him?

 Charles: That's "social fascist". You are using "fascist" loosely and not
 the way I use it (  I specifically all Engler a "social fascist" because he
 is not a full fascist) . Then you use your loose usage ("rhetoric" ?) as a
 basis for saying all usage of these words is loose and so we shouldn't use
 them.

 I don't see how "social fascist" is somehow less full, somehow milder than
 "fascist." To make it milder, why not call the bastard a "semi-fascist"?
 (Going down this road, we could use Gore Vidal's insult of William F.
 Buckley Jr., "pro crypto-Nazi." But that would be worse, since Nazism is
 even worse than fascism and overuse of the term devalues it, as with the
 US/NATO comparison of Milosevic to Hitler.)

 Charles: I think I mentioned earlier in this thread the difference between Engler 
and Hitler is that the former is not carrying out open , direct and holocaustic 
terrorist rule.  The cuts in social programs and racist policies are the form of his 
assault on the working class, not direct death camps and actual war. It is a "war" on 
the poor not with guns, but social policty. This is aptly captured by SOCIAL fascist. 
And it has the value of continuing the tradition from the 20's and 30's , which I 
prefer to connect to rather than differentiate from. In other words, I see the 
communist historical movement as something that the next generation of 
revolutionaries should draw more from than is the trend right now, in this extreme 
revolutionary slump.

 The fact that some people inflate the meaning of fascism by conflating political 
critique with insult does not stop me from using the word precisely. As I said, 
otherwise, Gore Vidal will determine what words I can use, Can't have that. We must 
have semantic self-determination in the movement.

 (((

 Actually, my impression (which could be wrong) is that Engler is a
 standard, garden variety, neo-liberal. Wouldn't it be great if
 "neo-liberal" attained the negative connotations of "fascist" in peoples'
 minds? I think that's where we should go. Even better, since "neo-liberal"
 is jargon that few outside of the left use, we need to convince people that
 whatever Engler calls himself ("Republican"? "Democrat"?) should have
 really bad connotations.

 Charles: I agree that we need to convince people that whatever Engler calls himself 
should have bad connotations, but we should have our own names for him too. We  don't 
have to JUST call him a  social fascist. The proposal isn't that people be restricted 
to that term. To describe him would actually take a number of paragraphs, not just 
two words, but you know, soundbitism. People need to be shocked out of their 
complacency and comfort with the "Englers" of today, and "social fascist" has some 
potential for that. "Neo-liberal" helps with analysis. Actually, I am not sure that 
Engler is exactly a neo-liberal. His constituency is largely the 
isolationist/anti-free trade/militia crowd.

 I wrote: (b) Do you think that the "financial oligarchy" (which I think
 could be described in less hackneyed terms) 

 Charles: If we start calling terms hackneyed, the impliedly fresh
 vocabulary that gets substituted for terms like "financial oligarchy" will
 win the hackneyed prize over "imperialism", "monopoly capital" , "financial
 oligarchy".  All of Doug Henwood's work that I have seen confirms that
 there is a huge financial oligarchy running the global economy.
 "Wallstreet" is a financial oligarchy. Debt is the leash system of the
 whole thing. Financial  Oligarchy is so fresh and unhackneyed it isn't even
 funny. A hedge fund is a  form of the financial oligarchy's organization.
 What a perfect description of it.

 Jim D.
 The problem with "financial oligarchy" is not that it's hackneyed as much
 as it suggests a conspiracy. It ignores a central problem of the rule of
 finance capital these days, i.e., competition and "invisible hand"
 

[PEN-L:7703] Re: Sado-imperialism

1999-06-04 Thread Tom Walker

Wojtek Sokolowski wrote,

Tom, shooting them execution style on bus can be boring in the long run.
We need more action.

The tubbies are a comatose breed. It's going to be hard to get much action
out of them. Maybe we could put them on little go-carts so they could zip
down the sidewalk. Then we could fire "smart-ass" cruise missiles at them
from stealth bombers at an altitude of 50,000 ft. The tubbies wouldn't know
who the missiles were aimed at ("whose ass was grass"), so they would scurry
around furiously on their go-carts colliding with each other, falling into
the street, getting run over by garbage trucks and generally causing all
kinds of mayhem and hilarity.  Another weapon concept would be the
femme-fatale "robot intern" who would approach the male tubbies seductively,
then when their shorts were down open her gaping maw to display a bristling
array of oversized scalpel-teeth. Weiner schnitzel! Hah-ha! Take that, dude!

Remember, this game is based on state-of-the-art sado-imperialist strategy.
The object of the game is to inflict as much spectacular "collateral damage"
on the hapless tubbies as technologically possible without at any time
putting one's own player in harm's way. So what if it's boring? If people
don't like it, they don't need to play the game. They just have to buy it or
we'll put them on the bus with the tubbies.






[PEN-L:7701] Re: Re: China, WTO Excess Capacity

1999-06-04 Thread Henry C.K. Liu



Bill Rosenberg wrote:

 "Henry C.K. Liu" wrote:

  False expectations.

 A. What are their expectations?


China sees (unrealistically, I may add) WTO members as a way to get more
global capital for foreign direct investment, more guaranteed access to
froeign markets, healthy pressure on weak and inefficent domestic
industries to reform out of a need to survive world competition, remove US
imposition of non-trade demands (human rights) on trade policies, access to
global new techonolgy currently denied by the US, and generally drag the
Chinese economy kicking and screaming into the 21st century.

 B. I don't believe those governments aren't smart enough to be able
 to work out the real consequences.

It is not a question of smarts.  Every government, even communist ones, is
subject to complex domestic politics and internal ideological struggles.
The issue of the correct path of development has been central in the debate
and a political footbal for internecine politics since the founding of the
PRC 50 years ago and will go on forever, albeit in changing and increasing
more complex forms.  The WTO issue has become a lightning rod in the
struggle beteen two fundamentally opposing alternatives: socialist road and
capitalist road.  The political debate has gone on for so long that the
economic and political meaning of the coded rhetoric (which some on this
list have ridiculed out of malice) are well understood by the combattants.

 To put it another way: I was recently asked by a Member of Parliament at
 a New Zealand parliamentary inquiry into APEC, why I thought Vietnam
 wanted to get into APEC if APEC's policies were as bad as I had made out.
 What would you answer - for Vietnam or for China?

APEC is very different from WTO.  With US dominated APEC, the U.S. has the
ideas, but the Japanese have the money. The Japanese are a little upset
that their money is being used by the US to form the basis of a policy that
favors the US.  Both China and Vietnam are as apprehensive about Japan as
the are about the US.  That is one reason they like APEC.  The other reason
is that ASEAN, a competitve organization dominated by Japan were orginially
formed as an economic  counter weight against China and Vietnam.
On the trade front, the US will push other APEC nations to agree to a
plan to speed APEC members to cut tariffs in nine sectors: environmental
goods and services; fish; wood and paper; medical equipment; energy
products and services; telecommunications; toys; jewelry; and chemicals.
The US estimates that these sectors account for $1.5 trillion in world
trade.  The US would take an APEC agreement and try to
enlist nations in Europe and elsewhere to agree to the tariff cuts as well.
The agreement would not take effect unless the world's biggest trading
nations agree to it.  The US accuses Japan of trying to protect its local
industries by lobbying against tariff cuts in the wood, paper and fishing
industries.
Without the full package of tariff reductions the deal effectively falls
apart at APEC, although pledges of continuing efforts are made.
Japan is quietly going around the region promising overseas development
assistance to countries that do not participate.

APEC came into being in late 1980 when Japan proposed the formation of a
regionwide consultative group that would provide technical cooperation on
trade and investment matters, along the line of OECD.  Early in the 1990s,
Australia, long a European outpost in Asia, joined APEC, prompted by fear
of economic isolation and dissatisfaction with outmoded trade and economic
treatment from her home country.
The United States, following Australia's heel, change Japan's idea of a
loose consultative body towards a formal free trade area, a vision
enshrined in the 1994 APEC declaration in Bogor, Indonesia.
In the subsequent 1995 summit in Osaka, Japan used the tradition of host
country influence to redeclare that any trade liberalization would be
voluntary, flexible and non-binding.
The 1996 summit in Subic Bay, the Philippines, was a non-event that
officially anointed thehost country as the latest "tiger".
By then, Asia was a shrinking economic forest, where there are more tigers
than food supply.
The 1997 Vancouver summit produced an agreement on "early voluntary sector
liberalization" (EVSL) in 15 "priority" sectors that no one really intended
to follow through.  The 15 have since been narrowed to 9: chemicals,
energy, environment, fish, forestry, gem and jewelry, medical equipment,
telecom MRA (mutual recognition agreement), toys, of which fish and
forestry are political suicide issues in Japanese domestic politics.
Vancouver was mainly an one act play where the US/IMF lectured Asian
economies on the deterministic results of Asian values.

APEC is an interesting window on the politics of international trade.
ASEAN sees it as a rival to the Asean Free Trade Area.
Japan wants APEC to provide respectability to voluntarism.
The US wants a collective vehicle where 

[PEN-L:7699] Re: M-L-MST

1999-06-04 Thread Max Sawicky

 Max, your tortured conflation of the leading and lower organs 
of the party sits well with your pathetic boasting about your 
bucks salary.

Menshevik insect!

Terry McDonough 

Comrade McD,

It is precisely the conflation of the leading and
lower organs for which the revolutionary vanguard
must strive.  Sits well indeed.  In dialectical
terms:  inflation, conflation, exhalation.
Brush up on your Hegel.

Bakuninite bimbo.

mbs






[PEN-L:7697] Re: Re: Re: Re: Re: Re: China, WTO Excess Capacity

1999-06-04 Thread Martin Hart-Landsberg

It is my understanding that the main reason the Chinese leadership wants
to join the WTO is to end their yearly struggle with the US over MFN
status.  All members of the WTO automatically get MFN status.  Plus there
is a dispute resolution mechanism that they hope will reduce direct US
leverage/pressure.

Marty Hart-Landsberg

On Fri, 4 Jun 1999, Doug Henwood wrote:

 Henry C.K. Liu wrote:
 
 False expectations.
 
 Bill Rosenberg wrote:
 
  Maybe a naive question but...
 
  Can someone explain to me why countries like China and Vietnam want
  to be in organisations like the WTO and APEC?
 
 My guess is that the ruling classes of these countries want to join the
 world bourgeoisie.
 
 Doug
 






[PEN-L:7695] Re: My New Chair Was Built by Child Labor

1999-06-04 Thread Tom Lehman

Pete, you should have given him hell and asked for an explanation, if you
thought the kids weren't just hanging around or engaging in some version of
junior high wood shop.

I pretty familiar with the Amish and Mennonite ways in Ohio, Pennsylvania
and Maryland.  Here in Ohio, starting not far from here there is the largest
concentration of Amish and Mennonites in the country.

The Mennonites have gone more or less mainstream protestant in my lifetime.
I remember that when I was a kid you could tell the Mennonites from the
Amish because the Mennonites drove cars(black naturally).   The Mennonites
dressed the same as the Amish---except that Mennonite women wore brighter
whites, than Amish women.

Today for the most part, unless wearing a costume for the tourists or their
own amusement the Mennonites are indistinguishable from the Methodists or
the Dutch Reform/Congregationalists in dress.

There are many sects of  Amish.  Most are trying to cope with the modern or
post-modern(?) world in their own way.  For some reason whenever I am in
"Dutch Country" the Amish and the Mennonites will talk about
political/public/economic affairs around me.  Which is unusual.  The
conversations are surprisingly enlightened!

On this Amish furniture business in general.  There are a lot of people in
"Dutch" country  who are not Amish or Mennonite and who use the name Amish
furniture as a way to advertise.  Of course there are by the same token
non-Amish or Mennonite furniture makers who produce beautiful furniture in
"Dutch" or as some advertisers refer to it, Amish country.

My favorite event in Ohio Dutch country is the livestock auction held in
Kidron, every Thursday.

Your email pal,

Tom L.





Peter Dorman wrote:

 I swear I didn't know it at the time.  I heard that an Amish guy in
 central NY State made fantastic rockers for a low price (a little over
 $100).  So I ordered a chair to be picked up in several months, my head
 filled with thoughts about supporting cultural diversity as well as the
 happy moments I would have reading in my new chair.

 When I got there, the chair-maker was behind the cash register, and
 behind him were a gaggle of kids, mostly pre-teen, operating woodworking
 equipment.  And, yes, the chair was beautiful to look at, comfortable to
 sit in, and very, very cheap

 Peter






[PEN-L:7693] Re: Leninism

1999-06-04 Thread Charles Brown







[PEN-L:7691] Re: Re: Re: Re: racism on pen-l

1999-06-04 Thread Henry C.K. Liu

To begin with, be conscious of the danger of system co-optation.
Secondly, be on guard about sophisticated rationalization; make a point of
regularly revisiting fundamentals.
Thirdly, have unshakable respect for the common man and his poorly articulated
views. Understand that one's own accomplishments and positions as part of the
collective tool for the struggle for universal justice.
Fourth, trust one's instincts.  Usually injustice and suffering are highly visible
if one has not been trained to deny them.
Fifth, give victims the benefits of the doubt; if a wounded person says its
painful, it is painful.
Sixth, the weaker side is usually right in any dispute, for why else should any
chose to be on the losing side beside a respect for truth?
Seventh, historical conditions are as important as current facts,; historic make
us, current facts disguises us.
Eighth, be weary of professionalism and arguments such as: "This the not the
proper place to deal with this issue".  The time is always now and the place is
always here and the issue is always real and important.  It is the calculus of
little "insignificant" issues that makes revolutions.
Ninth, permanent revolution must be the only goal. Keep pushing. Make waves.  Make
people uncomfortable about their complacency ans self satisfaction.
Tenth, politics is all and is the business of all.

That is the new Ten Commandments of world revolution.

Henry C.K. Liu


Wojtek Sokolowski wrote:

 At 09:43 PM 6/3/99 -0400, Henry Liu wrote:
 Between friends, the problem with us intellectuals is that when we see a
 sausage, we think of Picasso, instead of starving people.  We keep deluding
 ourselves, with help from the oppressive culture, that if we associate with
 the more educated, we can protect ourselves from discrimination, whereas in
 reality, we only move into circles in which discrimination is more subtle and
 its expression more sophisticated.  Unwittingly, we permit ourselves to be
 co-opted into the oppressors camp and comfort ourselves by claiming that at
 least we are still on the left.

 Agreed. But what is to be done to change that?

 wojtek






[PEN-L:7690] Sado-imperialism

1999-06-04 Thread Tom Walker

Hiro leaps to avoid the rocket-powered missiles, then pivots and fires.
Green laser beams ricochet off the fortress walls, exploding like fireworks. 

Superfly's fragged! Body parts drop from the sky like bloody rain, gibs
splattering the walls and if you don't know that's short for "giblets",
slang for chunks of flesh, then you're a llama, a newbie loser, and
shouldn't be hanging around Kyoto 2455 AD in the first place. 

I have an idea for a first-person shooter game called American Meat-Pie. In
it the player takes the role of a "foreign terrorist" who seizes a busload
of hideously obese American tourists (called "tubbies"), ties them up and
blows them away one-by-one execution style. The gimmick is that when you
shoot these disgusting creatures, semi-digested junk food splatters all over
the place instead of blood and guts. To make the game more interesting, each
of the tubbies wears a celebrity face that the player can select from a
database of news anchors, government officials, billionaires, corporate CEOs
and hedge-fund operators. The bus driver is always saved for last and can be
left to grovel and plead for as long as the player wishes. While he is
grovelling, the player orders the bus driver to eat the vomitous junk food
bits left behind by the exploding tubbies.

I think there would be a huge market for this game, both in the U.S.A. and
especially outside the U.S.A.


The Guardian, London   Tuesday June 1, 1999 

In the line of fire 

To computer game fans, John Romero is a god, the man who created some of
the most gruesome and commercially successful shoot-'em-ups. But since the
Colorado school killings, people have been asking him difficult questions.
Does he have blood on his hands? Paul Keegan reports 


Hiro's on a rampage. He's a vaguely Asian crusader with giant muscles
bursting through an armoured torso, but since you're watching the world
through his eyes, all you see is his Ion Blaster gun and dungeon floors and
walls hurtling by so fast your stomach somersaults into your throat. 

Whoa, look out! It's Superfly Johnson Hiro's gargantuan bald and black
nemesis streaking by, blasting away with his Sidewinder gun. 

Hiro leaps to avoid the rocket-powered missiles, then pivots and fires.
Green laser beams ricochet off the fortress walls, exploding like fireworks. 

Superfly's fragged! Body parts drop from the sky like bloody rain, gibs
splattering the walls and if you don't know that's short for "giblets",
slang for chunks of flesh, then you're a llama, a newbie loser, and
shouldn't be hanging around Kyoto 2455 AD in the first place. 

"Ha! Take that, dude!" John Romero sits at his computer, chortling. A
colleague curses from another room. 

It's early March, before anyone has ever heard of Littleton, Colorado, and
the co-creator of the computer games Doom and Quake is showing off his new
gorefest, Daikatana. As Hiro, he has just fragged a co-worker playing
Superfly Johnson in a "death match", a battle via linked computers. 

"That's cool, huh?" Romero says. "You can see how much more visceral this
game is." Romero is 31, with long, silky black hair. He wears tight designer
jeans and a black T-shirt. It was Romero, along with a programming genius,
John Carmack, who revolutionised the computer games industry in the mid-90s
with the seminal shoot-'em-ups Doom and Quake, two of the biggest sellers
of all time. The pair made millions, bought several Ferraris each and
turned Dallas into the blood-and-guts capital of their industry. 

Though they have since broken up in a spat over precisely what makes a
computer game cool, to hard-core fans they are still gods "the Paul
McCartney and John Lennon of our business," says a Dallas game developer
who insists on being identified only as Levelord. 

Then the United States was suddenly confronted with the image of Eric
Harris and Dylan Klebold, both avid Doom fans, rampaging through the halls
of Columbine High with an arsenal of deadly weapons and laughing at the
"gibs". For the mass-market audience that developers like Romero have
always coveted, the connection was hard to miss. 

Video and computer games had been criticised for violent content before,
but what happened at Columbine High instantly gave the industry term for
this relatively small game genre "first-person shooter" ominous new
resonance. 

The same qualities that made Doom and Quake so adrenaline-pumping, so
unlike any other form of violent media, now made them a primary target of
outrage. These games plunge you into a three-dimensional world where you
must kill to survive, whether your opponents are controlled by the computer
or by real-life rivals. 

Romero refuses to talk now about the events in Littleton, but when he sat
fragging Superfly Johnson into bloody chunks, it seemed that nothing could
threaten this world he'd created. With a severed head rolling one way and a
rib-sprouting torso bouncing another, he was perfectly candid when asked if
he was 

[PEN-L:7688] Russian Envoy Branded 'Traitor'

1999-06-04 Thread Frank Durgin


  St Petersburg Times  
   #471, Friday, June 4, 1999



  TOP STORY


  Russian Envoy Branded 'Traitor'

  By Andrei Zolotov Jr.
  STAFF WRITER

  MOSCOW - The Kosovo peace plan accepted Thursday by
Yugoslavia
  may have champagne corks popping in the West, but
back in Russia
  Special Envoy Viktor Chernomyrdin faces a tough task
defending the plan
  and his role in the negotiations.

  The Russian public and politicians have been
frustrated by his failure to
  win substantial concessions from NATO, and the
settlement plan
  announced Thursday is almost certain to be seen as a
near total
  capitulation to the Western military alliance. 

  The deal - which says NATO air strikes may continue
until the beginning
  of a Serb withdrawal is verified and leaves unclear
who will exercise the
  "unified control and command" of international
security personnel "with
  an essential NATO participation" - looks like a
surrender of Russian
  demands for an immediate halt to the bombings and for
putting the United
  Nations firmly in charge of peacekeeping. 

  At least on the ever-growing anti-Western flank of
Russian politics, the
  peace plan is perceived as Chernomyrdin's failure to
defend Yugoslavia's
  and Russia's interests against heavy pressure from
Washington and other
  NATO powers.

  Upon his return to Moscow on Thursday evening,
Chernomyrdin,
  apparently aware of the harsh criticism, appeared to
try to shift
  responsibility toward President Boris Yeltsin, who
approved the
  instructions for the Russian delegation. "Russia has
not retreated from
  those principles that were worked out under the
direction of [Yeltsin]," he
  said.

  Even before the details of the Bonn agreement were
released, left-wing and
  nationalist State Duma deputies began their session
Thursday morning by
  lashing out at Chernomyrdin. 

  The Duma voted to invite high-level representatives
of the Foreign and
  Defense ministries, as well as Yugoslav ambassador to
Moscow, Borislav
  Milosevic, for immediate hearings. But after
Yeltsin's representative in the
  Duma, Alexander Kotenkov, insisted that no one would
report to the
  Duma before negotiators reported to Yeltsin, the
hearings were postponed
  until 5 p.m. Friday.

  Fueling the harsh reaction of the deputies were media
reports that Russian
  generals who were part of Chernomyrdin's negotiating
team disagreed with
  the envoy. Col. Gen. Leonid Ivashov, who is in charge
of the military's
  foreign contacts and is known for his hawkish
position on Yugoslavia,
  was a member of Russian delegation.

  Chernomyrdin and Ivashov denied that there were
disagreements.

  Ivashov, however, said the military part of Russia's
delegation was "not
  quite satisfied with the imposed role of NATO and the
diminishing of
  Russia's position in the conflict settlement." 

  Agrarian faction leader Nikolai Kha ritonov accused
Chernomyrdin of
  carrying out a "Munich conspiracy" by appeasing NATO.
"Even the
  generals who were at the negotiations with
Chernomyrdin are puzzled,"
  Kha ri to nov said at the Duma session.

  While representatives of Chernomyrdin's Our Home Is
Russia party
  attempted to defend their boss, nationalist Deputy
Vladimir Zhirinovsky
  attacked both the former prime minister and the
Agrarians, saying that "a
  gas specialist should not be working in foreign
policy," nor should
  agricultural lobbyists meddle in Balkan affairs.

  The Duma opposition's negative reaction to
Chernomyrdin's efforts is not
  entirely new. Earlier this week, Communist leader
Gennady Zyuganov
  labeled Chernomyrdin not a special envoy, but a
"special traitor."

  "I have not heard from Chernomyrdin any coherent
programs connected
  with a Yugoslavia settlement," 

[PEN-L:7685] Re: Russia test-fires ballistic missile

1999-06-04 Thread Wojtek Sokolowski

At 10:51 PM 6/3/99 -0400, Henry Liu wrote:
Russia test-fires ballistic missile

 Thursday, 3 June 1999 19:10 (GMT)

 (UPI Focus)
 Russia test-fires ballistic missile
MOSCOW, June 3 (UPI) - Russia has test-fired a Topol-M
 intercontinental ballistic missile from the Plisetsk missile range in
 northwest Russia, the Itar-Tass news agency reports.
The missile, a new-generation weapon that will eventually replace
 Russia's older, heavier missiles, flew across northern Russia, hitting
 its designated target in a remote area of the Kamchatka peninsula in
 Russia's Far East.
Russia's Strategic Rocket Forces said the flight was a success.
Today's launch of the Topol-M is believed to be only the seventh in
three years.
  --
Copyright 1999 by United Press International.
All rights reserved.


That certainly sounds encouraging - but does it offer any realistic hope
that Russia (perhaps allied with China) will return to its superpower
status and a counterbalance to the scourge of western and us imperialism?
i would like to think so, but i'm not very optimistic.

anyone?

wojtek






[PEN-L:7683] Re: M-L-MST

1999-06-04 Thread Terrence Mc Donough

 Date:  Fri, 04 Jun 1999 13:21:27 + (GMT)
 From:  Terrence Mc Donough [EMAIL PROTECTED]
 Subject:   [PEN-L:7682] Re: Leninism
 To:[EMAIL PROTECTED]
 Reply-to:  [EMAIL PROTECTED]
 Organization:  National University of Ireland, Galway
 Priority:  normal

 
 
  On point (1) - we're a long way from the Hilferdingesque world that Lenin
  wrote and thought about. Competition has intensified, finance and industry
  haven't joined into a single unit (bank-supervised cartels), etc. So while
  1917 was different from 1817, 1999 is pretty different from 1917, too. On
  point 
 
 My only point here is that Lenin made a substantial contribution to 
 the Marxian theory of capitalist stages, not that we are currently 
 confronting the same stage which confronted Lenin.
 
 (2) - I think Soviet history confirmed that changing the folks at the
  helm is not without its problems, and that there was substantial continuity
  between Tsarist and Soviet Russia. If anything, that's an argument against
  Leninism's relevance today.
 
 Again my point was that Lenin made a substantial theoretical 
 contribution to the Marxist theory of the state.
 
  And (3), well, any nominees for the vanugard
  party today? The Spartacist League? Again, I think you've got to confront
  the fact that organizations and strategies appropriate for a Tsarist police
  state don't have much relevance to an OECD country today.
 
 I might well call for nominees for a serious mass socialist party of 
 the people.  The SP? DSA?  Obviously conditions are not right for 
 either a vanguard or a mass socialist party today.
 
 I don't call myself a Leninist because Marxism-Leninism was 
 essentially a dogmatic ossification of Marxism promoted by Stalin 
 with if not evil then unscientific intent and Leninism doesn't 
 supercede Marxism unmodified.
 
 Nevertheless, if one accepts a stage theory of capitalism, a 
 structural theory of the bourgeois state, and the likelihood that at 
 some stage in the revolutionary transition to socialism a vanguard 
 party will be needed, then one would be justified in calling oneself 
 a Leninist.  Such a person would be no more worthy of dismissal as 
 irrelevant than any of the rest of us.
 
 Anti sectarians should be extra careful not to dismiss others in a/n
 (anti)sectarian fashion [to use pomo parentheticals].  After all, 
 things turn into their opposites :] (Mao reading Marx reading Hegel).
 
 Terry McDonough
 
Max, your tortured conflation of the leading and lower organs 
of the party sits well with your pathetic boasting about your 
bucks salary.

Menshevik insect!

Terry McDonough






[PEN-L:7679] China restricts yuan exchange

1999-06-04 Thread Henry C.K. Liu

Hong Kong Standard  Friday June 4 1999

Restrictions on yuan exchange spark jitters

   STORY: BEIJING is restricting the conversion of foreign
   currencies into yuan, a move that briefly sparked jitters
across
   the region yesterday that the yuan might be devalued.

   An advisory to foreign banks from the mainland's top
   commercial bank Bank of China (BOC) said their branches in
   the mainland and Hong Kong will be restricted from 10 June
   from converting foreign currencies into yuan.

   Shockwaves spread through Asian stock markets and
   currencies until Beijing offered assurances that it has no
plans
   to devalue the currency.

   The BOC move is apparently meant to close a loophole that
   currently gives foreign banks access to renminbi offshore,
   effectively creating a small hole in the mainland's capital
   account.

   Foreign banks can exchange until now up to 100,000 yuan for
   foreign currencies although transactions are limited to
buying
   yuan and they were restricted from selling yuan.

   ``My impression is the Chinese government wants a tighter
   grip on the yuan business. I heard people say this measure is

   in preparation for a devaluation, but I can't see what the
BOC
   preventing the conversion of foreign currencies into yuan
   have to do with a possible devaluation,'' said an Asian
banker.

   A currency dealer, who claimed to have spoken with some
   BOC executives, said the move was aimed at curtailing the
   outflow of yuan from the mainland. Worries have grown that
   an undetermined amount of yuan outside the mainland is now
   funding illicit businesses in Hong Kong and could be used in
   future to speculate against the yuan. The yuan at the moment
   can be bought at a cheaper rate of 1.15 to a Hong Kong dollar

   in the SAR than the official rate of 1.08.

   This gap could widen if yuan outflow remains unchecked,
   another dealer said.

   A tightening of foreign exchange regulations, just like
   Malaysia did last year, would make it more difficult to
   speculate against any currency.

   ``If you collect a considerable amount of yuan offshore and
   sell it to the BOC, you can make money. So the BOC doesn't
   want to buy from people who have arbitrage opportunities,''
   said the dealer.

   But a major downside of a closed foreign exchange market is
   that it makes doing business in the mainland less convenient.

   ``Everybody in need of yuan will have to go through the
   BOC,'' he said.

   ``Lots of small businesses will suffer from red tape when
   dealing with the BOC.''






[PEN-L:7668] Re: Re: Re: China, WTO Excess Capacity

1999-06-04 Thread Bill Rosenberg

Maybe a naive question but...

Can someone explain to me why countries like China and Vietnam want 
to be in organisations like the WTO and APEC? 

Bill Rosenberg






[PEN-L:7653] China, WTO Excess Capacity

1999-06-04 Thread Rob Schaap

G'day Henry and Michael,

Henry has some things to say about China and the WTO.  I put a case here
some time back (I'd pinched it from an article) that a salient cause of the
East Asian crisis was a ten-year process whereby capitalism had to swallow
the introduction of millions of poor workers from the erstwhile Euro-commie
bloc into global markets.  The commie bloc brought little effective demand
into those markets, but lots of poor labour.  Excess capacity and
underconsumption propensities were duly exacerbated, and the finance sector
was obliged to find a patsy.  That patsy was to be East Asia, where 200
million have now had their lives wrecked, and where political fall-out might
yet wreck a lot more (Indonesia is positively frightening right now).

Anyway, it seems to me those propensities have not been alleviated.  Should
China hit global capitalism in all its glory, would we not be doing a whole
lot more of the same?  A few tens of millions of buyers, sure, but a few
more hundreds of millions of producers without realistic chances of becoming
useful consumers.  The US's goldilocks economy still produces below
capacity, South-East Asia is building inventories as I tap away, so is
Australia, Europe doesn't seem to offer short-term hope of increased
consumption, and Latin America has no real buying power either.

In other words, would world capitalism be mad to have China?  And would
China be mad to have world capitalism?

Cheers,
Rob.

The issue:  the implications of China's entrance to the WTO.

Looking at it from China's perspective, I stand firmly with those who are
against the idea. Domestic opposition to WTO has increased since the
Embassy
bombing, which I may add seriously, is no longer just a matter of
over-reaction for the Chinese. Serious domestic politics have been affected
and the issue of WTO, which had been settled, was reopened and China trade
officials will not even renew negotiations until China receives a
"satisfactory" report on the investigation on the bombing Clinton promised
as being in progress.  The State Department is frantically trying to put
together a special envoy team to deliver the finished report to Beijing in
time for WTO negotiation to conclude to roll the NTR Congressional vote
into
one single package.  Slim chance that could be done, but Clinton wants to
give it the best effort try.
Opening Chinese markets under WTO rules at this moment in time will forever
foreclose the building of socialism in China.  Even under market economy
terms, the benefits to China are dubious at best.
I expect DeLong to be in support of the idea if China is willing to make
all
the concessions the US demands, particularly in the financial and
communication sectors.  He may even argue it's good for China.  Of course,
the prospect of this happening this year is practically nil, given the
atmospherics.  Clinton has practically thrown in the towel by giving up on
trying to get permanent NTR (Normal Trading Relations- former Most Favored
Nation) status and China-WTO membership as a package.  He has announced
that
he will extend NTR status to China tomorrow (June 3) and Congress has 90
days to overturn the decision.  The vote traditionally comes in late July
just before Congress recesses in August.
The immediate impact is, without NTR, tariff for Chinese imports will jump
from less than 5% to 40%.  The impact of this on US inflation and interest
rates is obvious. So th failue of NTR even for one year has more serious
impact of Wall Street than on trade per se.
Gephardt normally a skeptic on trade liberalization, has signed on with the
Administration on the China-WTO deal.

Henry C.k. Liu

Michael Perelman wrote:

 This whole debate is pointless.  Who is worse, Jeffrey Daumer or Jack
 the Ripper?  Nonsense.

 JIm D. made an important point that seems to have passed unnoticed.  You
 cannot evaluate politics without the context.  Mao murdered people
 because of mass starvation.  Do we apply the same standard to homeless
 people who freeze on the street?

 No one here has come out to proclaim themself as a Stalinist.  We went
 through the same nonsense a few weeks ago when people opposing the
 bombing felt obliged to declare that they were not disciples of
 Milosovic.

 Can't we drop this nonsense?  Stalin did some hard things because Russia
 was under attack.  Stalin did some cruel things because he was
 paranoid.  Addressing such matters takes serious work.  Not the
 journalism of R. Conquest.  Not a simple e-mail post.

 What do we say of the sanatized cruelty of Clinton with regard to Ricky
 Ray Rector, the victims of welfare deform, or his serial bombing?  He
 never had the courage to face his victims eye to eye.  Instead, he makes
 a "hearfelt" speech about the deep morality of his position.

 Anyway, let's move on to something else?

 --
 Michael Perelman
 Economics Department
 California State University
 Chico, CA 95929

 Tel. 530-898-5321
 E-Mail [EMAIL PROTECTED]







[PEN-L:7654] Yugo withdrawal and NATO opportunism

1999-06-04 Thread Rob Schaap

G'day Michael,

On an unrelated point, I see where Clinton is expecting Europe to pay
for his Balkan fiasco.  Have the Europeans commneted on his
expectations?

I'm also concerned about Clinton's stance that bombing will continue until
the Yugoslav forces in Kosovo have withdrawn.  When the Iraqis finally did
as requested by the UN resolution, the US mass-murdered the lot on the Basra
Road (we were never allowed to see the aftermath).  If Yugo forces do
withdraw, the Apaches and A10s shall be able to exterminate them all, and
there are 4 of them.

And is Draskovic talking for Milo, here?  Or is he feathering his bed ahead
of time.  As far as I know, Milo has had nothing to say yet.

Hard to know what's going on ...
Rob.






[PEN-L:7678] Re: Re: Re: Re: China, WTO Excess Capacity

1999-06-04 Thread Henry C.K. Liu

False expectations.

Bill Rosenberg wrote:

 Maybe a naive question but...

 Can someone explain to me why countries like China and Vietnam want
 to be in organisations like the WTO and APEC?

 Bill Rosenberg






[PEN-L:7680] Re: Re:...MICHEL CHOSSUDOVSKY

1999-06-04 Thread rc-am

Yoshie wrote:
Nobody is stopping Harald (or you for that matter) from organizing anti-war
activists according to the principles that he thinks (or you think) are
correct. It's not as though he and Chossudovsky belonged to the same
political party and the party adopted Chossudovsky's view.

I don't know about Australia, but the field of anti-war activism is _wide
open_ here. Those who disagree with Chossudovsky should simply offer their
own analyses that other activists can use in organizing, preferably rich in
information. If Harald does so, I do not doubt that there will be many
takers.


a lyotardian position i didn't expect.  does this mean that there should be
no criticism and communication between positions?

Angela
---
[EMAIL PROTECTED]






[PEN-L:7682] Re: Leninism

1999-06-04 Thread Terrence Mc Donough



 On point (1) - we're a long way from the Hilferdingesque world that Lenin
 wrote and thought about. Competition has intensified, finance and industry
 haven't joined into a single unit (bank-supervised cartels), etc. So while
 1917 was different from 1817, 1999 is pretty different from 1917, too. On
 point 

My only point here is that Lenin made a substantial contribution to 
the Marxian theory of capitalist stages, not that we are currently 
confronting the same stage which confronted Lenin.

(2) - I think Soviet history confirmed that changing the folks at the
 helm is not without its problems, and that there was substantial continuity
 between Tsarist and Soviet Russia. If anything, that's an argument against
 Leninism's relevance today.

Again my point was that Lenin made a substantial theoretical 
contribution to the Marxist theory of the state.

 And (3), well, any nominees for the vanugard
 party today? The Spartacist League? Again, I think you've got to confront
 the fact that organizations and strategies appropriate for a Tsarist police
 state don't have much relevance to an OECD country today.

I might well call for nominees for a serious mass socialist party of 
the people.  The SP? DSA?  Obviously conditions are not right for 
either a vanguard or a mass socialist party today.

I don't call myself a Leninist because Marxism-Leninism was 
essentially a dogmatic ossification of Marxism promoted by Stalin 
with if not evil then unscientific intent and Leninism doesn't 
supercede Marxism unmodified.

Nevertheless, if one accepts a stage theory of capitalism, a 
structural theory of the bourgeois state, and the likelihood that at 
some stage in the revolutionary transition to socialism a vanguard 
party will be needed, then one would be justified in calling oneself 
a Leninist.  Such a person would be no more worthy of dismissal as 
irrelevant than any of the rest of us.

Anti sectarians should be extra careful not to dismiss others in a/n
(anti)sectarian fashion [to use pomo parentheticals].  After all, 
things turn into their opposites :] (Mao reading Marx reading Hegel).

Terry McDonough






[PEN-L:7689] Re: Re: Re: racism on pen-l

1999-06-04 Thread Wojtek Sokolowski

At 09:43 PM 6/3/99 -0400, Henry Liu wrote:
Between friends, the problem with us intellectuals is that when we see a
sausage, we think of Picasso, instead of starving people.  We keep deluding
ourselves, with help from the oppressive culture, that if we associate with
the more educated, we can protect ourselves from discrimination, whereas in
reality, we only move into circles in which discrimination is more subtle and
its expression more sophisticated.  Unwittingly, we permit ourselves to be
co-opted into the oppressors camp and comfort ourselves by claiming that at
least we are still on the left.


Agreed. But what is to be done to change that?

wojtek






[PEN-L:7696] Re: Re: Re: social fascism

1999-06-04 Thread Charles Brown



 Jim Devine [EMAIL PROTECTED] 06/03/99 06:36PM 
Charles writes: I disagree with getting rid of the word "fascism" itself,
too, because there is still a danger that at some point the financial
oligarchy will become desparate and try to institute wholesale, open
terrorist rule again. This is one reason, the U.S. will not outlaw fascist
groups, because it might need them at some point. "Fascism" is an important
scienttific term we should continue to use to measure the U.S. political
economy.

(a) I wasn't advocating getting rid of the word "fascism" -- but I was
"trying to avoid" the word. Like a lot of rhetoric, it loses value in
overuse. (It's a classic case of diminishing returns.) 

Charles: I don't agree that "fascism" has lost value from overuse. I would say it is 
underused and misapplied.







This is especially
so since the it has been applied to describe not only the social system of
Italy in the 1920s and 1930s but also a kind of personality (the F-scale)
and also anything we don't like. Looking at the way it's been used, it's
hardly a scientific term. What does calling the Governor of Michigan
(Engler?) a "fascist" say except that we don't like him?

Charles: That's "social fascist". You are using "fascist" loosely and not the way I 
use it (  I specifically call Engler a "social fascist" because he is not a full 
fascist) . Then you use your loose usage ("rhetoric" ?) as a basis for saying all 
usage of these words is loose and so we shouldn't use them.







If I were to use the word "fascism" in a scientific way (linking up with
the original fascism of Mussolini) I would use it to apply to Pat Buchanan,
who combines a lot of the classic elements (fierce nationalism, rabid
anti-communism, opportunism, use of "proletarian" rhetoric, racism, etc.)
His personal history also links up with the old fascist movements. 

Charles: A more precise usage for Buchanan would be "proto-fascist". He seems to have 
some potential to be a full fascist. 

(((





(b) Do you think that the "financial oligarchy" (which I think could be
described in less hackneyed terms) 

Charles: If we start calling terms hackneyed, the impliedly fresh vocabulary that gets 
substituted for terms like "financial oligarchy" will win the hackneyed prize over 
"imperialism", "monopoly capital" , "financial oligarchy".  All of Doug Henwood's work 
that I have seen confirms that there is a huge financial oligarchy running the global 
economy. "Wallstreet" is a financial oligarchy. Debt is the leash system of the whole 
thing. Financial  Oligarchy is so fresh and unhackneyed it isn't even funny. A hedge 
fund is a  form of the financial oligarchy's organization. What a perfect description 
of it.

(((



is likely to become desperate in the
near future? 

Charles: The periodic crisis is a permanent feature of capitalism. Despite the hype, 
the business cycle has not been "cured". Eventually, there will be economic crisis in 
the U.S. too. That would be a potential time of desparation for the U.S. ruling class. 
They prepare for it. The prison system is being expanded in case they have to go to 
full concentration camps. The storm troopers are in PROTO form in the various and 
sundry rightwing fascistic fringe groups and militias.

(





The anti-capitalist movement is very very weak. It's nothing
like in the 1960s and 1970s. Then they did bring in COINTELPRO. By the way,
CONINTELPRO was very bad (using agents provocateurs to break up the
Panthers, etc.) but I don't think the word "fascist" adds much. It
stretches the analogy with Mussolini to the breaking point.

Charles: The word "fascist" is like the word "imperialism" or the term 
"military-industrial complex" . It comes from "them".  The bourgeoisie's boy Mussolini 
invented the term "fascism".  Who is it , Hobson, from whom Lenin got "imperialism". 
The "military-industrial complex" was a concept from the inside given us by an insider 
Eisenhower.  They know their own system better than we do.

"Fasces" are the bundle of rods in the SPQR Roman symbol that Brad D quoted (Senatus 
Populisque Romanus; The Senate and the Roman People).  The Roman culture is an 
ancestor of all Western culture. So "fascism" is a good general statement of the 
tendency of the modern West to go to a barbarically cruel state as the Romans had.


More later gotta go, comrade,


CB









(c) I'll grant you this point: there is a kind of "fascism" (gross and
violent social injustice) going on right now in the US, the war on drugs,
which has led to massive incarceration rates, disproportionately falling on
the backs of "minorities." However, to call it fascism again stretches the
analogy. (BTW, the war on drugs doesn't seem to be due to the desperation
of the financial oligarchy.) Also, to call it fascist distracts us from the
point that heroin, cocaine, etc., should be legalized and medicalized.
Calling it fascist simply 

[PEN-L:7700] Re: Bozofilter time

1999-06-04 Thread Brad De Long

...for some petit-bourgeois scribbler/parlor dilettante who has
obviously never seen or experienced the horrors of fascism, racism or the
horrors the Chinese people faced/face to utter Mao's name to be compared
with Hitler is disgusting, a/anti-historical and typical of the
ultra-rightist filth that passes for/defines bourgeois "scholarship".

That is my opinion with less invective.

Jim Craven


I take it that I am the "petit-bourgeois scribbler/parlor dilettante"
referred to here.

I truly am an idiot for participating in this. But let me, once again,
repeat what I wrote:

Alas! The fact remains that Mao Zedong was (along with
Josef Stalin and Adolf Hitler) the head of one of the very,
very few regimes that managed to kill more than thirty million
people in this century. Mao's Great Leap Forward and the
Cultural Revolution count as among the greatest human
disasters of this century...

In this context, I take Mr. Craven's post to be a claim that the Great Leap
Forward and the Cultural Revolution were great triumphs, glorious victories
for utopia--and that any denial of this is "disgusting" "anti-historical"
"ultra-rightist filth."

I no longer find it funny that there are people who find it psychologically
impossible to admit to themselves that the Great Leap Forward and the
Cultural Revolution were great human disasters. I find it pathetic. Perhaps
most pathetic--and least funny--is Mr. Craven's assertion that in Mao he
sees "someone... who urged the opposite of the Cult of Personality."

As I have said many times before, our only chance of getting the
twenty-first century right is to look the disasters of the twentieth
century squarely in the face.

But Mr. Craven is right in at least one thing: I am an idiot for
participating in this. It's bozofilter time.


Brad DeLong


-- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- --
"Now 'in the long run' this [way of summarizing the quantity theory of
money] is probably true But this long run is a misleading guide to
current affairs. **In the long run** we are all dead.  Economists set
themselves too easy, too useless a task if in tempestuous seasons they can
only tell us that when the storm is long past the ocean is flat again."

--J.M. Keynes
-- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- --
J. Bradford De Long; Professor of Economics, U.C. Berkeley;
Co-Editor, Journal of Economic Perspectives.
Dept. of Economics, U.C. Berkeley, #3880
Berkeley, CA 94720-3880
(510) 643-4027; (925) 283-2709 phones
(510) 642-6615; (925) 283-3897 faxes
http://econ161.berkeley.edu/
[EMAIL PROTECTED]






[PEN-L:7710] a story on Chinese workers

1999-06-04 Thread Jim Devine

of interest, from the L.A. TIMES, at
http://www.latimes.com/HOME/NEWS/NATION/UPDATES/lat_labor990604.htm

Friday, June 4, 1999 

 Chinese Rulers Fear Angry Workers May Finally Unite 

 Labor: Ten years after Tiananmen Square crackdown, unemployment, not
 lack of democracy, fuels discontent.

 By HENRY CHU, Times Staff Writer 
 
 SHENYANG, China--Liu Lao is on the longest vacation of his life: two years
and counting.

 In 1997, the state-run iron foundry where he worked suddenly stopped
production after losing too much money. But rather than lay everyone off,
the factory bosses sent employees home "on holiday," a semantic ploy that
allowed them to avoid having to pay severance and welfare benefits.

 Liu now spends his extended, unpaid "holiday" standing on a sidewalk in
this ancient imperial city, peddling cheap steering-wheel covers to passing
motorists and stewing in a kettle of discontent.

 "If workers had supported the students in '89," he grumbled, referring to
the abortive anti-government protests that year in Beijing's Tiananmen
Square, "the outcome would have been a lot different."

 A decade after Beijing sent tanks in to crush demonstrators on June 4,
1989, killing hundreds--perhaps thousands--of people, the prospect of labor
unrest worries China's Communist leaders the most as they seek to hold on
to power in the world's most populous country.

 The former students who pushed for democracy are a spent force these days,
in prison, in exile or indifferent, more concerned about their pocketbooks
than politics. Their successors at China's universities are more likely to
back the government than attack it-- witness the student-led demonstrations
that erupted after last month's NATO bombing of the Chinese Embassy in
Belgrade, the Yugoslav capital.

 But with unemployment spiraling and the economy slowing, disaffection
among urban workers, a key segment of Chinese society, is on the rise. And
while few Western commentators seem to remember, the Communist regime is
acutely aware that economic and labor grievances played an important role
in the 1989 protests, a realization that helps explain Beijing's continuing
jitters over restiveness among China's 200-million-strong urban work force.

 Already, reports are rife of labor unrest across the country, from Hunan
province in the south to here in the northeast, China's Rust Belt.

 So far, most of the unrest has taken the form of small, isolated protests
by unpaid workers who block traffic or picket local authorities to get
their demands heard.

 But the government fears that laborers--particularly the unemployed, who
number between 15 million and 25 million in China--might organize en masse
to become the wellspring of new opposition to Communist rule. Or, worse
yet, that disgruntled workers might try to link up with other
disenfranchised groups, such as political dissidents, to create some sort
of united national front.

 "Until you get Wuhan hooked up with Beijing, which is hooked up with
Shenyang, it's not going to be a threat to the government," said a Western
diplomat who tracks labor issues. "There's potential for localized
protests, but until there's a national organization, it's not a threat."

 Little evidence has emerged of serious coordination among workers
countrywide or between workers and other groups. Many unemployed laborers,
often in their 40s and 50s, say they have too much to lose to mount
challenges that appear doomed to fail against the implacable machinery of
an authoritarian state.

 "If we get thrown in jail, who will take care of our families?" asked Yu
Wenting, 47, a factory worker who has been out of a job for two years.
"Under the Communist Party, the Chinese people have become obedient. They
don't dare fight the party."

 But Beijing is taking no chances.

 3 Labor Activists Reportedly on Trial

 Last week, three men who tried to set up an independent labor watchdog
group in the central city of Tianshui were put on trial for subversion, a
Hong Kong-based human rights group reported. The charges carry stiff prison
sentences and are similar to those filed in December against democracy
activists who tried to establish an opposition political party. The
activists are now in jail.

 Maintaining "domestic stability" remains the Communist leadership's mantra
in this year of sensitive anniversaries, including the 10th anniversary of
the Tiananmen Square crackdown and the 50th anniversary of the founding of
Communist China.

 "Without stability, nothing can be achieved, and successes already
attained will be lost," Vice President Hu Jintao warned in a published
message to workers to mark International Labor Day on May 1. "Workers must
wholeheartedly cherish the nation's political stability and unity."

 It is apparent that not everyone feels the same way.

 Protests Commonplace in Hard-Hit Shenyang

 Here in Shenyang, an industrial hub once humming with activity,
small-scale protests have become commonplace, with demonstrators lying 

[PEN-L:7726] Capital Flows And Exchange Rates

1999-06-04 Thread Interhemispheric Resource Center

Foreign Policy In Focus

Vol. 4, No. 17,  June 1999

Capital Flows and Exchange Rate Policy  

By Ellen Frank, Emmanuel College
Edited by Tom Barry (IPS), and Martha Honey (IPS)


Key Points
o   Countries are under increasing pressure to attract international
financial capital to meet trade and balance of payments needs. 
o   To enhance their attractiveness to investors, countries are urged to
allow full and free convertibility of their currencies while attempting to
stabilize their exchange rates. 
o   A stable exchange rate is fundamentally incompatible with unrestricted
speculative capital flows. Efforts to stabilize currencies in the wake of
speculative assaults are costly and damaging to emerging market economies.

As neoliberal policies foster greater privatization of the international
financial system, countries must rely almost entirely on private financial
flows to finance trade, to settle international accounts, even to meet
domestic credit needs. In efforts to attract private funds, countries from
Thailand and Mexico to Korea and Brazil have deregulated financial
transactions, lifting controls on interest rates, on capital flows, and on
the convertibility of domestic currencies. For most countries, this tilt
toward financial liberalization has proven more a curse than a blessing.
Liberalization schemes, particularly those promoted by the International
Monetary Fund (IMF) and the U.S., are fraught with dangers and dilemmas for
emerging market economies. One of the most damaging consequences of
liberalization is that it imposes upon emerging markets a set of
unacceptable and ultimately unworkable exchange rate policies. 

An overriding goal of U.S.- and IMF-sponsored liberalization programs is to
enhance the attractiveness of the target country's financial assets to
financial investors. To be attractive, countries must attempt to insure
investors against private financial loss. Governments are advised to permit
full and free convertibility of their currencies into U.S. dollars so that
investors can enjoy full dollar liquidity. To further minimize investors'
risk of dollar losses, countries are encouraged to stabilize the value of
their local currencies against the U.S. dollar.

Full and free convertibility, however, has proven to be incompatible with
exchange rate stability. Once countries lift controls on short-term capital
movements and allow full convertibility of their currencies, the process of
exchange rate determination is privatized as well. For all practical
purposes, the external value of a country's currency in a liberalized
financial market is determined by speculative trading in the international
currency markets-something over which emerging market governments exercise
little control. Financial players understand this reality well. But
international policy officials routinely misrepresent the dynamics of the
financial market. They blame the inevitable currency crises on internal
failures of emerging market governments rather than on the speculative
nature of international financial markets. 

Governments-like China-that prohibit trading in their currencies can
maintain a stable currency peg by preventing private transactions at other
than the stated exchange rate. In contrast, countries that allow full
convertibility have only weak levers by which to stabilize their exchange
rates. Like Argentina, they can institute a currency board, which issues
domestic currency only in proportion to foreign exchange reserves. This is
not a simple commitment to keep. In practice, a currency board commits the
state to intensely restrictive economic policies that serve to curb private
lending and slow wage growth-thereby demonstrating to financial markets the
state's serious commitment to the dollar peg. Even then, attacks on the
currency by speculators can overwhelm the government's ability to maintain
the currency peg, as Argentina recently discovered. 

Brazil and other governments attempted to stabilize their currencies by
catering to the whims and demands of financial markets, adopting
restrictive fiscal policies and high interest rates. Implicit in the
concept of pegs such as Brazil's is the promise that foreign exchange
reserves will, if necessary, be deployed in defense of the peg (to buy
domestic currency when speculators are selling it) and that the government
will raise interest rates to whatever level is needed to protect investors
from currency losses. Countries that wish, like Mexico, to adjust their
dollar peg from time to time must generally compensate investors against
losses by settling interest rates higher than countries that submit to an
unchanging peg. 

Emerging market efforts to placate investors with pegged exchange rates,
however, have proved pointless in the face of expanded currency
speculation. Eventually, the real economic stresses of dollar pegging
(repressed economic growth to prevent inflation, current account
imbalances) become obvious to speculators, 

[PEN-L:7741] (Fwd) THE MODERN EMPEROR'S NEW CLOTHES - Norman Solomon

1999-06-04 Thread ts99u-1.cc.umanitoba.ca [130.179.154.224]


--- Forwarded Message Follows ---
Date sent:  Fri, 04 Jun 1999 15:23:24 -0700
To: [EMAIL PROTECTED]
From:   Sid Shniad [EMAIL PROTECTED]
Subject:THE MODERN EMPEROR'S NEW CLOTHES - Norman Solomon   

THE MODERN EMPEROR'S NEW CLOTHES

By Norman Solomon   /   Creators Syndicate

Once upon a time, in early June of 1999, the man on the throne 
displayed his moral finery as he complained that "children are being 
fed a dependable daily dose of violence." The emperor added: "This 
desensitizes our children to violence and to the consequences of it."
Courtiers and scribes exclaimed that the monarch was 
resplendent in the garb of wisdom. Reporting his statements with 
reverence, the journalists of the day were generally impressed. They 
nodded with appreciation for the popular verities.
Sovereigns had long made a habit of going on parade while 
wearing pious garments, and this ruler was no exception. His loud 
costumes proclaimed how deeply he abhorred violence.
Of course, some of the powerful scribes did not care for this 
particular emperor. They would have preferred the election of a 
different ruler, cloaked in another style. But they were content to 
criticize the current ruler for having bad taste in clothing.
Meanwhile, there were many prominent defenders. For instance, 
a gentleman named Anthony Lewis was one of the bluebloods who 
found the emperor to be quite presentable. Sir Anthony saw virtues 
and responsibilities. "We are in the war now," he wrote in the New 
York Times as the spring neared its end, "and for the most urgent 
political as well as moral reasons we must win."
On parade, the sovereign walked with dignity as he showed off 
the golden fabric of his nobility. Along with other influential scribes, 
Sir Anthony cheered and bowed while the stately procession 
advanced, imperial flags rippling in the wind. He wrote death 
sentences like: "NATO air attacks have killed Serbian civilians. 
That is regrettable. But it is a price that has to be paid when a 
nation falls in behind a criminal leader."
Somewhere in the crowd stood a little girl and a little boy who 
were perplexed. They wanted to know why the scribes, so 
respected and so widely heeded, did not talk about the huge holes 
in the weave of the emperor's pronouncements. In fact, watching 
the parade, they wondered why no one mentioned that the royal 
highness was just about bare.
The two kids scratched their heads when the emperor 
denounced some forms of media for stirring up violence among 
young people. "The boundary between fantasy and reality violence  
-- which is a clear line for most adults -- can become very blurred 
for vulnerable children," the emperor declared at a Rose Garden 
ceremony.
"Why does he prance around with a few skimpy strands of cloth 
dangling from his shoulders?" the little girl asked. She became more 
agitated when the emperor's wife stepped forward to deplore a 
"culture of violence that is engulfing American children every day."
The girl began to worry about lacking sophistication. She 
couldn't find any consistent thread running through the regal 
assertions. The royal couple kept saying that the culture of violence 
was bad. But their great enthusiasm for the present war seemed 
certain to further inflame it.
"What kind of values are we promoting," the emperor's wife 
asked rhetorically, without a hint of irony, "when a child can walk 
into a store and find video games where you win based on how 
many people you can kill or how many places you can blow up?"
The little boy tried to sort out the whole situation. "It must be a 
matter of the difference between pretend and for real," he observed. 
"The emperor and his wife don't want us to play at killing people 
because we might get confused and actually do it without proper 
authorization. The point is that we should wait till we're a few years 
older. Then, we could join the armed forces, and if an emperor 
wants us to kill some people we could do so, and everybody will 
praise us."
"I suppose that's true," said the little girl. "For a while there, I 
figured the emperor for a stark naked hypocrite. But the scribes 
don't seem to see through his finery, so maybe we shouldn't either. 
Or at least we ought to keep it to ourselves."
"The emperor's wearing some fine new clothes after all," said 
the little boy. "Surely, if he wasn't wearing a stitch, the wise people 
of the mass media would point that out."
"That makes sense. After all, who are you going to believe, the 
news media or your own eyes?"



Norman Solomon's most recent book, "The Habits of Highly 
Deceptive Media," was published this spring.






[PEN-L:7702] petit-bourgeois scribbler/parlor dilettante

1999-06-04 Thread michael

I don't think that there are any "petit-bourgeois scribbler/parlor
dilettante(s)" on pne-l (unless you mean me, since I am not sure about
myself).

Such language does nothing to further any discussion.  All it did was to
reignite a flame.

--
Michael Perelman
Economics Department
California State University
Chico, CA 95929

Tel. 530-898-5321
E-Mail [EMAIL PROTECTED]






[PEN-L:7698] Off-List Request

1999-06-04 Thread Seth Sandronsky

Hi Pen-l Friends,

Could some kind soul please send me off-list the report by the Germans that 
found little to no evidence of Serbian ethnic cleansing in Kosovo.

Thanks in advance.


Seth Sandronsky

[EMAIL PROTECTED]



___
Get Free Email and Do More On The Web. Visit http://www.msn.com






[PEN-L:7692] Re: Sado-imperialism

1999-06-04 Thread Wojtek Sokolowski

At 06:00 AM 6/4/99 -0700, Tom Walker wrote:
shouldn't be hanging around Kyoto 2455 AD in the first place. 

I have an idea for a first-person shooter game called American Meat-Pie. In
it the player takes the role of a "foreign terrorist" who seizes a busload
of hideously obese American tourists (called "tubbies"), ties them up and
blows them away one-by-one execution style. The gimmick is that when you
shoot these disgusting creatures, semi-digested junk food splatters all over
the place instead of blood and guts. To make the game more interesting, each
of the tubbies wears a celebrity face that the player can select from a
database of news anchors, government officials, billionaires, corporate CEOs
and hedge-fund operators. The bus driver is always saved for last and can be
left to grovel and plead for as long as the player wishes. While he is
grovelling, the player orders the bus driver to eat the vomitous junk food
bits left behind by the exploding tubbies.

I think there would be a huge market for this game, both in the U.S.A. and
especially outside the U.S.A.


Tom, shooting them execution style on bus can be boring in the long run.
We need more action.

I suggest some additions. For example, the tubbies can be brought to the
Disneyland style amusement park where they are released and then hunted
down for pleasure by their captors (the players), armed with the standard
"Doom" gear - a knife, a chain saw, a shotgun, a machine gun, and a rocket
launcher.  Additional killing devices may include house-of-fear roller
coaster with real horrors (the idea is to chase a tubbie in such a way that
the monster devours him rather than the player), electric scooters (the
additional fun comes from the tuubies being simultaneousely electrocuted
while being truned into a pulp under the wheels), sharks (both live and
electronic), and gigantic cartoon characters (Mickey Mouse -style) with
built-in meat grinders.  The idea of hunting is to track a hiding tubbie
and then either blast him with a weapon, chase him to a shark-pond or to
the house of fear or force him into the meat-grinding cartoon character
that would then spit out a packaged 'McMeal' that would earn the player
extra points. Additional points will be won by capturing them alive and
bringing them to a mad-science laboratory where they will be used as
exprimental or vivisection subjects. 

wojtek






[PEN-L:7687] China Delays WTO Talks

1999-06-04 Thread Henry C.K. Liu

Zhu: Time Not Ripe For Resumption Of Sino-US Talks On WTO

  HONG KONG, Jun 4, 1999 -- (Agence France
  Presse) Chinese Premier Zhu Rongji said Friday
  that the time was not ripe for a resumption of
  Sino-US talks on Beijing's long-standing bid to
  enter the World Trade Organization (WTO),
  local television said.

  Zhu was quoted as saying the message had
  been delivered to US President Bill Clinton
  during a recent telephone conversation with
  Chinese President Jiang Zemin.

  The premier said at a meeting with Hong Kong
  Financial Secretary Donald Tsang that the
  present atmosphere "was not appropriate" to
  resume WTO-related talks with the United
  States.

  Zhu also said the dialogue could not continue if
  human rights were being linked to China's
  accession to the world trade watchdog.

  Sino-US relations have been strained since the
  bombing of the Chinese embassy in Belgrade
  by NATO forces last month.

  US and Chinese negotiators have not discussed
  China's WTO accession bid since the incident
  on May 7 which killed three Chinese journalists.

  The Cox report charging China with having
  stolen US nuclear weapons secrets has also set
  back Sino-US relations and is seen to have
  complicated the WTO talks.

  Even before the bombing, the United States and
  China were having trouble hammering out an
  accord under which Washington would back
  Beijing's entry into the Geneva-based trade
  body.

  The United States is pressing China for
  sweeping market-opening commitments before it
  extends its backing.

  Hong Kong's financial secretary told reporters
  the premier had told him how the Chinese
  economy was likely to fare this year.

  Tsang said Zhu had repeated assurances that
  the Chinese yuan would not be devalued.

  The Bank of China's move to stop overseas
  yuan remittances to domestic branches on
  Thursday sparked renewed worries of a yuan
  devaluation in regional financial markets. ((c)
  1999 Agence France Presse)







[PEN-L:7686] Re: Re: My New Chair Was Built by Child Labor

1999-06-04 Thread Wojtek Sokolowski

At 11:14 PM 6/3/99 -0400, you wrote:
Peter Dorman wrote:

 I swear I didn't know it at the time.  I heard that an Amish guy in
 central NY State made fantastic rockers for a low price (a little over
 $100).  So I ordered a chair to be picked up in several months, my head
 filled with thoughts about supporting cultural diversity as well as the
 happy moments I would have reading in my new chair.

 When I got there, the chair-maker was behind the cash register, and
 behind him were a gaggle of kids, mostly pre-teen, operating woodworking
 equipment.  And, yes, the chair was beautiful to look at, comfortable to
 sit in, and very, very cheap


So what is wrong with children learning how to make objects of real use
value to other people -- instead of being addicted to tee-ve and virtual
video-crap, or indoctrinated in school to be a robot in the corporate
hierarchy or perhaps a spin doctor telling other people what to think?

The liberal logic is truly mysterious.

wojtek






[PEN-L:7677] Re: My New Chair Was Built by Child Labor

1999-06-04 Thread Henry C.K. Liu

The Amish are protected by religious freedom doctrine.  If you mess with
their child labor practices via federal civil rights or labor laws, NATO may
bomb New York for ethnic cleansing, and you and I would become refugees,
that is if we are not caught on the Geaorge Washington Bridge, a perfect
military target.  Let just leave well enough alone.
BTW, where I get one? ;o)  Did he collect sales tax?

Henry C.K. Liu

Peter Dorman wrote:

 I swear I didn't know it at the time.  I heard that an Amish guy in
 central NY State made fantastic rockers for a low price (a little over
 $100).  So I ordered a chair to be picked up in several months, my head
 filled with thoughts about supporting cultural diversity as well as the
 happy moments I would have reading in my new chair.

 When I got there, the chair-maker was behind the cash register, and
 behind him were a gaggle of kids, mostly pre-teen, operating woodworking
 equipment.  And, yes, the chair was beautiful to look at, comfortable to
 sit in, and very, very cheap

 Peter






[PEN-L:7728] Re: Re: Re: Re: Re: social fascism

1999-06-04 Thread Henry C.K. Liu



Jim Devine wrote:


 The problem with "financial oligarchy" is not that it's hackneyed as much as it
 suggests a conspiracy. It ignores a central problem of the rule of finance
 capital these days, i.e., competition and "invisible hand" automatic
 operations. There doesn't have to be a conspiracy: speculators suddenly begin
 to believe a country's finance minister might do something mild that goes
 against the ruling financial orthodoxy (like a mild Tobin Tax). So they all
 panic, like a herd of cattle, pulling their funds out of the country, imposing
 a financial crisis. Or they impose a crisis on Brazil because of things that
 happen in Russia.

 Now there are oligarchic elements to finance capital: the Federal Reserve, the
 IMF, the big banks, Hedge Funds, etc. all are pretty clubby, sharing a common
 culture and a common ideology (the financial orthodoxy referred to above). But
 to simply refer to the oligarchy without the competition/market dimension of it
 is to provide an incomplete picture.

 I asked if the "financial orthodoxy" is likely to become desperate in the
 near future? 


As capitalist culture develops, it is no longer necessary to have 20 people in a
smoky room to have a conspiracy.  Conspiracies are now coalition of interests
organized on multilevel through recognized theories that if accepted,
predetermine interpretations and responses.  So international economics as a
science is a conspiracy within a conspiracy.  The business bankruptcy regime to
escape from labor contracts and the incestuous credit markets are conspiracies.
The notion of the unseen hand does not required the absence of the hand, only
that it be  "unseen".  Even the US calls for a "level playing field" implying
conspiratorial rigging of global markets.  Then there is systemic conspiracy,
unspoken but very real, such as market herd instinct, and technical analysis
which is essentially the science of conspiratorial behavior in fiancial markets.
Conspiracy is not necessarily evil by itself, it is merely an effectuating
devise.  It can be used, like all devices, for both positive and negative
purposes.  However, since conspiracy, to be effective, requires power, and since
power in history has always been the prerogative of the corrupt and exploitative,
conspiracies are generally reactionary.  Their prime function is to circumvent
the very rules that the system itself has declared but not will to follow.

 Charles: The periodic crisis is a permanent feature of capitalism. Despite the
 hype, the business cycle has not been "cured". Eventually, there will be
 economic crisis in the U.S. too. That would be a potential time of desparation
 for the U.S. ruling class. They prepare for it. The prison system is being
 expanded in case they have to go to full concentration camps. The storm
 troopers are in PROTO form in the various and sundry rightwing fascistic fringe
 groups and militias.

 I agree that economic crises are inevitable under capitalism. But an
 economic crisis isn't a social crisis for capitalism unless there's a big
 opposition. Without the social crisis, there's no need for concentration camps.
 Mussolini was responding to a social crisis in Italy, while Hitler responded to
 one in Germany. If people are instead sucking opiates and watching TV, there's
 no social crisis of the sort that threatens capital's rule.

Capitalism's concentration camps are the Levitt Towns and similar suburbs and the
"job" in the corporate system.  The plants of GM are frightenly similar to the
network of concentration camps, albeit more outwardly humane, but not less
violent.  Harlem is an occupied zone.

 The above (and Charles' previous message) seems a bit paranoid, too. It makes
 it sound as if the "financial orthodoxy" cultivated the militias etc. (though
 my impression might be wrong). I would say instead that the failure of US
 capitalist growth to give to many white male younger workers the same standard
 of living that their fathers had received encouraged a bitterness and
 resentment (along with their bitterness that women and "minorities" are getting
 any respect at all) that spawned the militias and the like. In other words,
 it's the "economic crisis" (another overused phrase) that spawned the militia,
 rather than their genesis being orchestrated from above.

That is only partly true.  There is another militia growing as fast in the
white-collar crime sector.  Dollar for dollar, financial crime dwarfs petty
crimes.  In the the decade of 1980s, financial crimes, SL crisis, Milkin,
Boesky, Soloman, etc, etc, adds up to billions which the tax payer footed the
bill.  But note that most of the convicted perpetrators were of poor and
disadavantage and ethnic backgounds.  Can we draw some conclusion?

 Charles: The word "fascist" is like the word "imperialism" or the term
 "military-industrial complex" . It comes from "them".  The bourgeoisie's boy
 Mussolini invented the term "fascism".  Who is it , Hobson, from whom Lenin 

[PEN-L:7722] Re: Re: a story on Chinese workers

1999-06-04 Thread Henry C.K. Liu

I don't remember precisely, might have been Tobin, who led an economic theory that
income is everything, albeit they meant aggregate income and not wage rates per se.

But it seems to me, if we have to have a WTO, the least we can do is to insist on a
global wage scale for same work same pay, plus minimum wage tied to cost of living
based on universal standards.
Also free movement of goods and capital must be accompanied by free movement of
workers, not just executives, but workers.  There is no free trade without free
movement of labor.

Henry C.K. Liu

Tom Lehman wrote:

 Jim, this is interesting stuff.  Henry sent me a couple of things about labor
 unrest and organizing in China some months ago.

 When Chinese workers say, they are not going to work for 46 cents an hour in
 northern China or 23 cents an hour in southern China.  Yes, in China people are
 being thrown out of work because of this sectional wage differential; then you
 will see some change.  Of course I also agree with Henry that when the Chinese
 workers have had enough you will probably see them out in the streets waving
 pictures of Chairman Mao in much the same way many American workers, including
 yours truly, wrap themselves in the flag, mom and apple pie.

 Jim, I understand that down your way or not all that far from you, General
 Motors is paying 95 cents an hour in their Mexican plants!

 Your email pal,

 Tom L.

 Jim Devine wrote:

  of interest, from the L.A. TIMES, at
  http://www.latimes.com/HOME/NEWS/NATION/UPDATES/lat_labor990604.htm
 
  Friday, June 4, 1999
 
   Chinese Rulers Fear Angry Workers May Finally Unite
 
   Labor: Ten years after Tiananmen Square crackdown, unemployment, not
   lack of democracy, fuels discontent.
 
   By HENRY CHU, Times Staff Writer
 
   SHENYANG, China--Liu Lao is on the longest vacation of his life: two years
  and counting.
 
   In 1997, the state-run iron foundry where he worked suddenly stopped
  production after losing too much money. But rather than lay everyone off,
  the factory bosses sent employees home "on holiday," a semantic ploy that
  allowed them to avoid having to pay severance and welfare benefits.
 
   Liu now spends his extended, unpaid "holiday" standing on a sidewalk in
  this ancient imperial city, peddling cheap steering-wheel covers to passing
  motorists and stewing in a kettle of discontent.
 
   "If workers had supported the students in '89," he grumbled, referring to
  the abortive anti-government protests that year in Beijing's Tiananmen
  Square, "the outcome would have been a lot different."
 
   A decade after Beijing sent tanks in to crush demonstrators on June 4,
  1989, killing hundreds--perhaps thousands--of people, the prospect of labor
  unrest worries China's Communist leaders the most as they seek to hold on
  to power in the world's most populous country.
 
   The former students who pushed for democracy are a spent force these days,
  in prison, in exile or indifferent, more concerned about their pocketbooks
  than politics. Their successors at China's universities are more likely to
  back the government than attack it-- witness the student-led demonstrations
  that erupted after last month's NATO bombing of the Chinese Embassy in
  Belgrade, the Yugoslav capital.
 
   But with unemployment spiraling and the economy slowing, disaffection
  among urban workers, a key segment of Chinese society, is on the rise. And
  while few Western commentators seem to remember, the Communist regime is
  acutely aware that economic and labor grievances played an important role
  in the 1989 protests, a realization that helps explain Beijing's continuing
  jitters over restiveness among China's 200-million-strong urban work force.
 
   Already, reports are rife of labor unrest across the country, from Hunan
  province in the south to here in the northeast, China's Rust Belt.
 
   So far, most of the unrest has taken the form of small, isolated protests
  by unpaid workers who block traffic or picket local authorities to get
  their demands heard.
 
   But the government fears that laborers--particularly the unemployed, who
  number between 15 million and 25 million in China--might organize en masse
  to become the wellspring of new opposition to Communist rule. Or, worse
  yet, that disgruntled workers might try to link up with other
  disenfranchised groups, such as political dissidents, to create some sort
  of united national front.
 
   "Until you get Wuhan hooked up with Beijing, which is hooked up with
  Shenyang, it's not going to be a threat to the government," said a Western
  diplomat who tracks labor issues. "There's potential for localized
  protests, but until there's a national organization, it's not a threat."
 
   Little evidence has emerged of serious coordination among workers
  countrywide or between workers and other groups. Many unemployed laborers,
  often in their 40s and 50s, say they have too much to lose to mount
  challenges that appear 

[PEN-L:7740] No free market economy in Kosovo?

1999-06-04 Thread Peter Dorman

If I'm not mistaken, the current agreement to end hostilities in
Yugoslavia (still not ended) does not include a stipulation that Kosovo
have a free market economy.  Was this just boilerplate in Rambouillet or
is an actual concession of some sort involved?

Peter






[PEN-L:7738] Re: exaggeration

1999-06-04 Thread Jim Devine


Capitalism's concentration camps are the Levitt Towns and similar suburbs 
and the
"job" in the corporate system.  The plants of GM are frightenly similar to the
network of concentration camps, albeit more outwardly humane, but not less
violent.  Harlem is an occupied zone.

Except for the part about Harlem, this seems an exaggeration. This is one
of the richest countries in the world you're talking about. Working-class
suburbs like Levitt Town may be drab and alienating, but I think you'll
find that the vast majority of the people who live there would disagree
with your analysis. It's true that they have a superficial analysis of
what's going on (missing the totality of the capitalist mode of
production), but that contrasts with _actual_ concentration camps, in which
the people know that they're in such camps. (In other words, you don't have
to accept what people see, but it's good to respect their point of view.)

It's also unfortunate that the phrase "concentration camp" (as in most
anti-insurgencies) has been merged in popular language with Hitlerian death
camps. It leads to the wrong connotations. But that's hardly your fault. 

Jim Devine [EMAIL PROTECTED] 
http://clawww.lmu.edu/Faculty/JDevine/JDevine.html
Bombing DESTROYS human rights. Ground Troops make things worse! US/NATO out
of Serbia now!






[PEN-L:7739] Re: Sado-imperialism

1999-06-04 Thread Dennis R Redmond

On Fri, 4 Jun 1999, Tom Walker wrote:

 The Guardian, London Tuesday June 1, 1999 
 The penthouse office of Romero's Ion Storm is an astonishing place, like
 something out of a Jetsons cartoon with walkways suspended above a maze of
 stainless steel cubicles, wall lighting embedded in marble sconces, glass
 cases filled with models of one-eyed monsters, the whole enterprise wrapped
 in clouds and sky. 

For those who don't know the skinny here, it's important to note that John
Romero, though one of the great designers of 3D games in the early
Nineties, has been kinda going off the deep end as of late. Ion Storm has
been just an unprecedented disaster, chewing up programmers, designers,
careers and funding at an unbelievable pace. "Daikatana" was supposed to
be done literally years ago (Quake 2 took 18 months, I think) and has
staggered from crisis to crisis like some mortally wounded brontosaurus:
too big to die, too dysfunctional to succeed, but too stupid to quit, as
one observer put it. There are websites literally devoted to chronicling
Ion Storm's latest management crisis, it's one of the longest-running and
most colorful soap operas in one of the most colorful industries around.
Great fun to watch, but just bear in mind that the software in question is
bubbleware, Romero is living off his Doom-rents, and the real action is in
Black Mesa Labs (Half-Life) and John Carmack's upcoming Quake 3, which
from all accounts will be mind-blowing.

-- Dennis 






[PEN-L:7735] Re: Re: Leninism

1999-06-04 Thread Charles Brown

So are you saying that Lenin meant that they became identical ? As I understand it, we 
are discussing Lenin's claim that one of the defining characteristics of the 
imperialist phase of capitalism ,  in contrast with the immediate previous phase, is 
the dominance of finance capital, including the merger of financial and industrial 
capital. By the latter, he did not mean that the distinction between the two functions 
is utterly obliterated. rather in contrast with the earlier phase , financial 
institutions become dominant and there are coalescences in the following sense:

On this Nitkin says: "the coalescence fo bank and industrial capitals takes various 
forms. It is manifested , in particular, in personal unions, i.e. in the same people 
heading banking, industrial, comercial and other monopolies. The heads of banks are 
members of the boards of industrial enterprises, and representatives of industrial 
monopolies, in turn, are included on the management of banks. The structure of finance 
varies. Such financial institutions as insurance companies, investment trusts, pension 
funds,savings banks and the like, have come to play a major role in mobilising the 
population's funds for financing industrial monopolies. For this reason, modern 
finance capital constitutes a coalescence of industrial monopolies not only with 
banking ones, but also with the financial instiutions listed above...

The growth of monopolies and of finance capital results in the biggest bankers and 
industrialists forming a small group of people who hold the dominant position in the 
economy and politics...

One concrete  form of financial oligarchy is the monopoly-finance group. In the USA, 
for example, the decisive role in the country's economy is played by 18 high finance 
gourps, which control assets to a sum of 678. 4 billion dollars, including 319.5 
billlion in banking and 358.9 billion in industry, commerce, and the service sphere. 
The biggest of these financial groups are the Morgans, Rockefellers, California and 
Chicago groups..."

This is from 1983, but I imagine Morgans and Rockefellers still play a role in 
whatever new configuration there is.

The original statement on this thread by someone that there hasn't been a continuing 
merger of the financial and industrial capitalists in the history since Lenin and in 
the precise sense that Lenin meant this in his analysis of the basic trends of 
imperialism seems, what ?, tendentious, last ditch anti-Leninism, I don't know. That 
we are in an era of finance capital, i.e. a merger of finance and industrial capital 
with the financial function dominant ( thus FINANCE capital; sort of contrasted with 
the period before of the INDUSTRIAL revolution) is quite clear. and very  much 
confirmed by your important empirical work. Financial institutions in Lenin's analysis 
is more than banks , as explained by Nitikin above. The current growth of the power 
and influence of Wallstreet is a profound confirmation of Lenin's predictions of the 
direction of capitalism.

Charles Brown


 Doug Henwood [EMAIL PROTECTED] 06/04/99 03:14PM 
Charles Brown wrote:

Charles: Seems to me there has been a merger of financial and industrial
capital. Wallstreet seems exactly that. Doug Henwood points out that there
is a recent trend of corporations raising money through borrowing not so
much stocks. That is they borrow from financial institutions. That
relationship is a merger of industry and finance.

No the relation isn't one of identity. We're still dealing with separate
institutions, finance  industry, though they're connected in complex ways.

If they were one, why would you even speak of firms borrowing from banks?

Doug






[PEN-L:7734] Daring the list

1999-06-04 Thread michael

I do not like throwing people off the list.  As I said before, I have only done
it a few times in the long life of pen-l.  I especially would not relish
throwing someone like Jim Craven off.

I do not share Brad's beliefs.  Nor do many people on the list.  Again, it is
not hard to taunt Brad.  He will come back with a retort.  In the end, the list
as a whole will suffer.

You have to understand that I watch the subs and unsubs.  When stuff like this
flares up, so do the unsubs.  I think that people join a list like pen-l to
learn.

For example, Henry, while responding to Brad, had some very interesting material
about the Chinese famine.  I learnt from what he had to contribute, but only
after wading through the other stuff.  Many people do not want to wade through.
They want to learn.

Henry was also correct that we should be able to "yell" at our closest
comrades.  Unfortunately, not all of us see each other as comrades.  Also, not
all of us have the same tolerance for yelling.

I can yell at Louis Proyect or Max Sawicky.  They can laugh it off and give me
one better.  Brad also seems to have thick skin, but he will, justifiably, come
back with something that will make you even more enraged.  Why can't you carry
on that particular debate off list?

Some of us take insults more personally, for example, when Jim C. attacks my
beloved alma mater.  We need to be more thoughtful.

Craven, Jim wrote:

 It is tragic that Berkely has sunk so low that this person can be regarded
 as a serious "analyst" or "scholar" of anything.

 Sorry, as a registered "savage" I am not polite in my language when dealing
 with academic scribbler/know-it-alls/legends-in-their-own-mind scholar
 experts who reveal, underneath the veneer of civility and polite language,
 that they can utter the most pedestrial and sophomoric "analysis" and remain
 "experts" in little ponds surrounded by even smaller frogs.

 Now go ahead and thrown me off the list too.

--
Michael Perelman
Economics Department
California State University
Chico, CA 95929

Tel. 530-898-5321
E-Mail [EMAIL PROTECTED]






[PEN-L:7736] Re: Your Analysis (Assistance) Needed by the Working Class

1999-06-04 Thread michael

Doug Henwood and I received this note.  I thought that some of you might be
better able to answer him that I am.

You might do best to answer him directly.

[EMAIL PROTECTED] wrote:

 Mr Henwood, Mr  Perelman,

 I am an independant communist and a member of the Black Radical Congress as
 well as, I must say, a dissenting, dues paying member of the Labor Party.
 Two members of the BRC-Los Angeles Organizing Committee as well as  a member
 of the Committees of Correspondence, are exploring the possibility,  of a
 forum on "The American Police State:  Race and Class".  To that end we are
 seeking information (articles) that you may have done, or know of,  which can
 be of use in an analysis that seeks to connect to the de-industrialization of
 this country any or all of the following: the increase in police abuse
 (terror); the rising rates of incarceration; the  manufacturing of crisis as
 rationale for continued military forays and expenditures; the presentation of
 military service as career 'opportunity' to working class youth; the attacks
 upon welfare and the minimum wage subverting 'Jobfare' programs; the material
 benefits (to the owners) of prison labor; the statistics of the change of the
 percentages of (union and/or non-union) employees who are in the service as
 opposed to the industrial sector, the rise of homelessness and their
 maltreatment;etc.

 Our thinking is that with the massive transfer of value-adding jobs  across
 the national border (de-industrialization of this country) there has arisen
 the need for a deepened oppression of working people.  A need to be, at
 least, partially justified by the demonization of sectors of our class, esp
 minorities.  A situation akin to (No we are not paranoid) the latter days of
 Weimar.  With some 2 million imprisoned and more on the way, with hundreds of
 thousands (millions?) uncertain of food and shelter, with the allegations of
 government complicity in the creation, maintenance and expansion of a
 nefarious black (ahh!  You white folks) economy (the crack cocaine epidemic),
 the rise of racist, homophobic and (I must create a word) anAnglophobic
 attitudes and violence attests to the urgency of analysis.

   As a former suscriber to the Left Business Journal (Sorry, I can't afford
 it anymore but I miss it!)  I have witnessed  Mr Henwoods abilty to graph
 social trends with economic ones.  One chart is indeed worth a thousand
 words.  I ask you to search your files, your memories and your thoughts and
 to equip us with such.

 Best,

 S John Daniels aka John A Imani



--
Michael Perelman
Economics Department
California State University
Chico, CA 95929

Tel. 530-898-5321
E-Mail [EMAIL PROTECTED]






[PEN-L:7733] Re: sinking, or already there?

1999-06-04 Thread Henry C.K. Liu

The entire UC system has been afflicted with a thirst for power for decades.
Nobody teaches except TAs.  All facullty member want to go the Washington, but
only after securing tenure.  I was chairman of a department aat UCLA from 1964
to 1970 and noticed that most dead woods would start their pointification in
meetings with: "When I was in Washington"  Some spirtited younger faculty
members would sometimes finish the sentence with an interrruption ".. I sold
out."

Henry

Doug Henwood wrote:

 Craven, Jim wrote:

 Berkely has sunk so low

 A few months ago I met with a German journalist who was visiting the U.S.
 to research a millennium story. The conversation turned, as it often does,
 to the embarrassment that is American political discourse. He said he gave
 a talk to the Berkeley poli sci department in 1989 and the assembled
 faculty had just one question they were obsessed with - was Gorbachev
 serious? In 1989! He was shocked speechless.

 Seems funny to me to ask how low Berkeley or any other U.S. university has
 sunk. When it comes to politics, they've long been pretty low, haven't they?

 Doug






[PEN-L:7732] Re: Re: Leninism

1999-06-04 Thread Doug Henwood

Charles Brown wrote:

Charles: Seems to me there has been a merger of financial and industrial
capital. Wallstreet seems exactly that. Doug Henwood points out that there
is a recent trend of corporations raising money through borrowing not so
much stocks. That is they borrow from financial institutions. That
relationship is a merger of industry and finance.

No the relation isn't one of identity. We're still dealing with separate
institutions, finance  industry, though they're connected in complex ways.

If they were one, why would you even speak of firms borrowing from banks?

Doug






[PEN-L:7731] job openning

1999-06-04 Thread DOUG ORR

Due to unexpected retirements and illnesses, we are going to be down
three people for the up coming academic year.  We will be hiring
one or two full-time temporary faculty.  The positions might become
tenure-track later, but we don't know sure right now.

The ad my chair submitted to the JOE is a bit misleading.  He looked at
which fields had the least number of jobs this year and listed those,
hoping to expand the candidate pool.  We definitely need  Econ History.
We have lost two people in that area.  We probably don't need History
of Thought, since there are two people here who have taught it in the 
past and would still like to teach it.  The people who have retired
were mostly micro and applied micro people, with an institutionalist
leaning.  We (at least some of us) would like to continue that
institutionalist tradition, rather than getting hard-core neo-classical
micro people.  We also need help in macro and especially money and 
banking.

So you can see, the "any field" is very true.  For most of the people in
the department, the heterdox approach is more important.  Also, the one
woman in the department is now half-time in the State legislature, so there
is a need to replace her.

If you have more questions before you send off your application to the
Chair, please contact me directly.  In case you are looking on a map to
find us, Cheney is 12 miles outside of Spokane in the eastern part of
WA.  We are a four-year, "comprehensive," i.e. teaching oriented
University.  We are on quarters and the teaching load is 3,2,2.  The
class size cap on intro courses is 50, on upper divsion is 25.

Doug Orr
[EMAIL PROTECTED]


EASTERN WASHINGTON UNIVERSITY,  CHENEY, WA

D0 Microeconomics
E0 Macroeconomics
B1 History of Economic Thought
N0 Economic History
AF Any Field

 The Economics Department has an opening for a Visiting Assistant
Professor beginning September 1999.  This appointment is for nine
months, but may be renewable based on departmental need and budget
availability.  Primary responsibility will involve teaching introductory
economics courses with the opportunity to teach History of Economic
Thought and Economic History.  Other fields of specialization also will
be considered.  Applicants should send a curriculum vita, evidence of
successful teaching, and names and phone numbers of three references.
Ph.D. preferred.  Review of applications will begin June 30 and continue
until the position is filled. An equal opportunity  affirmative
action employer. The successful candidate will be required to show proof
of eligibility to work in the U.S. pursuant to U.S. immigration laws.
CONTACT: Tom Trulove, Chair, Department of Economics, MS-36, Eastern
Washington University, Cheney, WA 99004-2431.  ( (509) 359-2332; Fax
(509) 359-6732; [EMAIL PROTECTED])






[PEN-L:7730] Re: Leninism

1999-06-04 Thread Charles Brown



 Terrence Mc Donough [EMAIL PROTECTED] 06/04/99 09:21AM 


 On point (1) - we're a long way from the Hilferdingesque world that Lenin
 wrote and thought about. Competition has intensified, finance and industry
 haven't joined into a single unit (bank-supervised cartels), etc. So while
 1917 was different from 1817, 1999 is pretty different from 1917, too. On
 point 

My only point here is that Lenin made a substantial contribution to 
the Marxian theory of capitalist stages, not that we are currently 
confronting the same stage which confronted Lenin.

(((

Charles: Seems to me there has been a merger of financial and industrial capital. 
Wallstreet seems exactly that. Doug Henwood points out that there is a recent trend of 
corporations raising money through borrowing not so much stocks. That is they borrow 
from financial institutions. That relationship is a merger of industry and finance.

Charles Brown






[PEN-L:7725] war's end?

1999-06-04 Thread Jim Devine

Yoshie writes: with the Yugo acceptance of the NATO terms of peace, the
terrains of struggle, real and ideological, have already changed.

Assuming that this peace deal does work out, I am a bit surprised that
Milosevic caved. Maybe the air war was much more effective at weakening the
Serbian government than I (and many other critics) have been saying. Or
maybe Milosevic really didn't have that many differences with US/NATO in
the first place. 

If the deal does go through, it looks as if both sides lost to some degree:
Milosevic obviously lost, while the US/NATO wasted a lot of equipment and
(more importantly prestige, in that more and more treat the US as a rogue
elephant). The officially stated US/NATO goals of avoiding ethnic cleansing
and preventing the wider spread of the conflict were not achieved. In fact,
the war made both of those worse. (I forget what the other official
rationalizations of the attack on Yugoslavia were.) 

Now the US/NATO have to handle the KLA. Perhaps Milosevic is glad to get
the KLA off his hands and is glad to pass it onto the US/NATO. I guess that
can be thought of as a victory for him. Barkley was right that the refugee
situation breeds the KLA the way that it did the PLO and its related
organizations. Now the KLA will be striving for independence (and merger
with Albania) against the US/NATO. Are we to soon see the US/NATO
"peace-keepers" suppressing the KLA "terrorists" the way that Milosevic's
army did before? (Hmmm... does that mean that the US/NATO will start
bombing itself, because of its mistreatement of the ethnic Albanian
Kosovars?) 

The big winners are arms companies like Raytheon who will sell new cruise
missiles (etc.) to replace the old ones and should expect the demand for
such weapons to persist in the future. The Pentagon got its budget boosted
without loss of any troops in actual action. Even though the US/NATO has
lost a bunch of respect (especially from China and Russia) and suffered
from internal stresses (dissent from Greece, Italy) that will be hard to
deal with, it seems that the idea of the US/NATO being the "world cop," the
emerging _de facto_ world state, has won. So the US will continue to "make
the world safe for democracy and human rights," using its own definitions
of democracy and human rights, of course. 

Jim Devine [EMAIL PROTECTED] 
http://clawww.lmu.edu/Faculty/JDevine/jdevine.html
Bombing DESTROYS human rights. Ground troops make things worse. US/NATO out
of Serbia!






[PEN-L:7723] sinking, or already there?

1999-06-04 Thread Doug Henwood

Craven, Jim wrote:

Berkely has sunk so low

A few months ago I met with a German journalist who was visiting the U.S.
to research a millennium story. The conversation turned, as it often does,
to the embarrassment that is American political discourse. He said he gave
a talk to the Berkeley poli sci department in 1989 and the assembled
faculty had just one question they were obsessed with - was Gorbachev
serious? In 1989! He was shocked speechless.

Seems funny to me to ask how low Berkeley or any other U.S. university has
sunk. When it comes to politics, they've long been pretty low, haven't they?

Doug






[PEN-L:7724] Re: Sado-imperialism -- Five Minutes Over America

1999-06-04 Thread Tom Walker

Headlines found, in this order, with no deletions:

13:12 BROWN DONATION TO BUY 1,000 GUN LOCKS TO GIVEAWAY TO GUN OWNERS - AP. 
13:11 SINGER JAMES BROWN DONATES $4,000 TO HOMETOWN AUGUSTA, GEORGIA-AP. 
13:09 SURGERY ON JUNE 7 AT WWW.CELEBRITYDOCTOR.COM. 
13:08 [DIS] BANC AMERICA: RUMORS ABOUT RESTRUCTURING AT DISNEY; COMPANY
DECLINE COMMENT. 
13:08 CORRECTION: CHRIS TEMPELTON TO BE 1ST FEMALE CELEBRITY TO RECEIVE
PLASTIC SURGERY ON NET. 
13:07 SOAP OPERA ACTOR TO BECOME 1ST PERSON TO RECEIVE PLASTIC SURGERY
'LIVE' OVER INTERNET.






[PEN-L:7720] Re:...MICHEL CHOSSUDOVSKY

1999-06-04 Thread Yoshie Furuhashi

Yoshie wrote:
Nobody is stopping Harald (or you for that matter) from organizing anti-war
activists according to the principles that he thinks (or you think) are
correct. It's not as though he and Chossudovsky belonged to the same
political party and the party adopted Chossudovsky's view.

I don't know about Australia, but the field of anti-war activism is _wide
open_ here. Those who disagree with Chossudovsky should simply offer their
own analyses that other activists can use in organizing, preferably rich in
information. If Harald does so, I do not doubt that there will be many
takers.

a lyotardian position i didn't expect.  does this mean that there should be
no criticism and communication between positions?

Angela

Why a Lyotardian position? Why not call it a Michael Perelman principle?

My point must not have been clear at all.  This kind of shouting is
pointless.  I happen to believe the Boshevik and the Chinese revolutions
were wonderful events.  Max and Brad disagree.  So what?

I could not convince them even if I could force them to read a whole
library of email posts.  Why even try?  They begin with an entirely
different set of premises, because they look at events in a different
context.

Don't we have more important uses for our time?

Or as Carrol says, we always preach to the converted--an important job of
mobilizing + organizing those who already accept our premise but have yet
to come forward.

BTW, with the Yugo acceptance of the NATO terms of peace, the terrains of
struggle, real and ideological, have already changed.

Yoshie






[PEN-L:7719] RE: Re: petit-bourgeois scribbler/parlor dilettante

1999-06-04 Thread Craven, Jim

I just react to see someone pass off as a serious academic (never mined
progressive or otherwise) come out with such pedestrian and sophomoric and
rabid stuff like Mao a "murderer" of 30 million. A single cause from a
single person? History? Context? Imperialist encirclement? Social systems
engineering? Natural Disasters? Land Tenure? Class/Strata? ghosts and forces
of reaction? goals? sources for numbers? Alternatives? Kuomintang
viciousness? Legacies of Fedudalism and dependent capitalism?
Intentions/powers of foreign interests?

It is tragic that Berkely has sunk so low that this person can be regarded
as a serious "analyst" or "scholar" of anything.

Again, how many miles of the Long March would delong last? Has he ever lived
for years in a cave with war going on all around him? Has he had to see
stacks and stacks of bodies all around--some of which were personal friends
who sacrificed their lives as a result of orders Mao had to give? Has he
ever had to consciously deploy forces for tactical and strategic purposes
knowing that many would inevitably die?

Sorry, as a registered "savage" I am not polite in my language when dealing
with academic scribbler/know-it-alls/legends-in-their-own-mind scholar
experts who reveal, underneath the veneer of civility and polite language,
that they can utter the most pedestrial and sophomoric "analysis" and remain
"experts" in little ponds surrounded by even smaller frogs. No one talks
about the desecration of the meories of all of those revolutionaries who
sacrificed in ways that our pampered scribblers could never do or even dare
undertake.

As they say in Kerala: For the little frog in the well, the sky is as big as
the mouth of the well. 

Now go ahead and thrown me off the list too.

Jim Craven


-Original Message-
From: Henry C.K. Liu [mailto:[EMAIL PROTECTED]]
Sent: Friday, June 04, 1999 9:04 AM
To: [EMAIL PROTECTED]
Subject: [PEN-L:7713] Re: petit-bourgeois scribbler/parlor dilettante


It applies to whoever voluntarily feels the heat.
At least there seems to be general agreement that "petit-bourgeois
scribbler/parlor dilettante(s)" is not a flattering term.  That is progress.

I understand Michael's need and obligation, as moderator, to keep diversity
alive on the list.  So we will respect that.
In Chinese revolutionary tactics, the Party is kinder to targets of united
front candidates than it is to veteran comrades.  In fact, when one is
treated with kid gloves, that is a sign that one is ideologically retarded.
We should afford Professor Delong and others who identify the proper decorum
indeed.

Henry C.K. Liu

michael wrote:

 I don't think that there are any "petit-bourgeois scribbler/parlor
 dilettante(s)" on pne-l (unless you mean me, since I am not sure about
 myself).

 Such language does nothing to further any discussion.  All it did was to
 reignite a flame.

 --
 Michael Perelman
 Economics Department
 California State University
 Chico, CA 95929

 Tel. 530-898-5321
 E-Mail [EMAIL PROTECTED]






[PEN-L:7727] Re: Re: Re: Re: social fascism

1999-06-04 Thread Charles Brown



 Jim Devine [EMAIL PROTECTED] 06/04/99 12:12PM 
Charles writes: I don't agree that "fascism" has lost value from overuse.
I would say it is underused and misapplied.

I guess we have to agree to disagree on that, but I'll summarize my
position: using the word "fascism" too much can be like referring to a
man's disrespectful and unwanted touching of a woman on a date as a form of
"rape." It devalues the word. 

Charles: Or like the little boy who cried wolf. Yes, this is a pretty much a common 
sense idea. It just doesn't apply to "fascism". 

I wrote: What does calling the Governor of Michigan (Engler?) a "fascist"
say except that we don't like him?

Charles: That's "social fascist". You are using "fascist" loosely and not
the way I use it (  I specifically all Engler a "social fascist" because he
is not a full fascist) . Then you use your loose usage ("rhetoric" ?) as a
basis for saying all usage of these words is loose and so we shouldn't use
them.

I don't see how "social fascist" is somehow less full, somehow milder than
"fascist." To make it milder, why not call the bastard a "semi-fascist"?
(Going down this road, we could use Gore Vidal's insult of William F.
Buckley Jr., "pro crypto-Nazi." But that would be worse, since Nazism is
even worse than fascism and overuse of the term devalues it, as with the
US/NATO comparison of Milosevic to Hitler.)

Charles: I think I mentioned earlier in this thread the difference between Engler and 
Hitler is that the former is not carrying out open , direct and holocaustic terrorist 
rule.  The cuts in social programs and racist policies are the form of his assault on 
the working class, not direct death camps and actual war. It is a "war" on the poor 
not with guns, but social policty. This is aptly captured by SOCIAL fascist. And it 
has the value of continuing the tradition from the 20's and 30's , which I prefer to 
connect to rather than differentiate from. In other words, I see the communist 
historical movement as something that the next generation of revolutionaries should 
draw more from than is the trend right now, in this extreme revolutionary slump.
 
The fact that some people inflate the meaning of fascism by conflating political 
critique with insult does not stop me from using the word precisely. As I said, 
otherwise, Gore Vidal will determine what words I can use, Can't have that. We must 
have semantic self-determination in the movement. 

(((

Actually, my impression (which could be wrong) is that Engler is a
standard, garden variety, neo-liberal. Wouldn't it be great if
"neo-liberal" attained the negative connotations of "fascist" in peoples'
minds? I think that's where we should go. Even better, since "neo-liberal"
is jargon that few outside of the left use, we need to convince people that
whatever Engler calls himself ("Republican"? "Democrat"?) should have
really bad connotations. 

Charles: I agree that we need to convince people that whatever Engler calls himself 
should have bad connotations, but we should have our own names for him too. We  don't 
have to JUST call him a  social fascist. The proposal isn't that people be restricted 
to that term. To describe him would actually take a number of paragraphs, not just two 
words, but you know, soundbitism. People need to be shocked out of their complacency 
and comfort with the "Englers" of today, and "social fascist" has some potential for 
that. "Neo-liberal" helps with analysis. Actually, I am not sure that Engler is 
exactly a neo-liberal. His constituency is largely the isolationist/anti-free 
trade/militia crowd.


I wrote: (b) Do you think that the "financial oligarchy" (which I think
could be described in less hackneyed terms) 

Charles: If we start calling terms hackneyed, the impliedly fresh
vocabulary that gets substituted for terms like "financial oligarchy" will
win the hackneyed prize over "imperialism", "monopoly capital" , "financial
oligarchy".  All of Doug Henwood's work that I have seen confirms that
there is a huge financial oligarchy running the global economy.
"Wallstreet" is a financial oligarchy. Debt is the leash system of the
whole thing. Financial  Oligarchy is so fresh and unhackneyed it isn't even
funny. A hedge fund is a  form of the financial oligarchy's organization.
What a perfect description of it.

Jim D.
The problem with "financial oligarchy" is not that it's hackneyed as much
as it suggests a conspiracy. It ignores a central problem of the rule of
finance capital these days, i.e., competition and "invisible hand"
automatic operations.

Charles: This is not different from the time that Lenin used the term. Lenin was an 
originator of the critique of conspiracy analysis of capitalism. He analyzes 
state-monopoly capitalism as a system, not a conspiracy. Thus, the term "financial 
oligarchy" orignates in a systematic ,not a conspiracy analysis. An oligarchy is a 
ruling CLASS. Or the leading elements of the class. The bougeoisie has leading 

[PEN-L:7717] Re: Re: Re: Re: China, WTO Excess Capacity

1999-06-04 Thread Henry C.K. Liu

You are absolutely right.  China has insufficient capital and techinology to be
beneficially competitive in the global market devoid of nationalistic protectionism.  
The
only card China has is its enormous market potential.  Joining WTO requires China to 
give
that away free. But then I am not Chairman of the Party, not yet. ;o)
Max is.

Henry C.K. Liu

[EMAIL PROTECTED] wrote:

 What I don't understand is why China seems so intent on getting in
 to the WTO which will limit its ability to use policy measures to
 develop its own economy.

 Paul Phillips,
 Economics,
 University of Manitoba

 Date sent:  Thu, 03 Jun 1999 18:18:04 -0400
 From:   "Henry C.K. Liu" [EMAIL PROTECTED]
 To: [EMAIL PROTECTED]
 Subject:[PEN-L:7660] Re: Re: China, WTO  Excess Capacity
 Send reply to:  [EMAIL PROTECTED]

I am devoting my energy to move China back to the socialist road.  A
  mixed economy only means a capitalist economy through torturous paths.  I firmly
  believe that profit is not the only effective movtiving economic force and a profit
  motivation society cannot be good.  That is why I think Mao is important and WTO is
  a bad vehicle.
 
  Henry C.K. Liu
 
 






[PEN-L:7716] Re: Sado-imperialism

1999-06-04 Thread Henry C.K. Liu



Tom Walker wrote:

 To make the game more interesting, each of the tubbies wears a celebrity face
 that the player can select from a database of news anchors, government
 officials, billionaires, corporate CEOs
 and hedge-fund operators.

Here is a good place to round them up:


Hedge Fund Conference Reminder

Just a reminder to join Blue Water Partners, Team Tuna and other Family Office 
High Net Worth members of http://www.hedgefund.net/ at the Lido Consulting Family
Office Wealth Conference which will be held on June 14-16th in Carlsbad
California (just north of San Diego).
http://www.lidoconsulting.com/ The conference promises to be an extraordinary
event offering a dynamic agenda of information, education and entertainment
geared exclusively to Family Offices and private investors.

Lido Consulting which works with a number of Family Offices has put together  an
outstanding agenda of speakers and have provided ample opportunities  during the
conference to meet with other family office personnel.  The  conference will also
feature a keynote address by Elizabeth Dole and a  private performance of the
world famous Cirque Ingenieux on Tuesday evening, June 15th.  For additional
information or to register online see the  conference website at
http://www.lidoconsulting.com/

More information on Blue Water can be found by clicking here -
http://www.hedgefund.net/login_bw.php3

Hope to see you there!









[PEN-L:7715] WHAT REPORTERS KNEW ABOUT KOSOVO TALKS -- BUT DIDN'T TELL

1999-06-04 Thread Robert Naiman

Fairness  Accuracy in Reporting
Media analysis, critiques and news reports

Media Advisory: 

WHAT REPORTERS KNEW ABOUT KOSOVO TALKS -- BUT DIDN'T TELL
Was Rambouillet Another Tonkin Gulf?

June 2, 1999

New evidence has emerged confirming that the U.S. deliberately set out
to thwart the Rambouillet peace talks in France in order to provide a
"trigger" for NATO's bombing of Yugoslavia.

Furthermore, correspondents from major American news organizations
reportedly knew about this plan to stymie the Kosovo peace talks, but
did not inform their readers or viewers.

FAIR's May 14 media advisory, "Forgotten Coverage of Rambouillet
Negotiations," ( http://www.fair.org/press-releases/kosovo-solution.html
asked whether the media had given the full story on Rambouillet. News
reports almost universally blamed the failure of negotiations on Serbian
intransigence. The headline over a New York Times dispatch from Belgrade
on March 24 - the first day of the bombing - read "U.S. Negotiators
Depart, Frustrated By Milosevic's Hard Line."

But the evidence presented in "Forgotten Coverage" suggested that it was
U.S. negotiators, not the Serbs, who blocked an agreement.

Now, in the June 14 issue of the Nation, George Kenney, a former State
Department Yugoslavia desk officer, reports:

"An unimpeachable press source who regularly travels with Secretary of
State Madeleine Albright told this [writer] that, swearing reporters to
deep-background confidentiality at the Rambouillet talks, a senior State
Department official had bragged that the United States 'deliberately set
the bar higher than the Serbs could accept.' The Serbs needed, according
to the official, a little bombing to see reason."

In other words, the plan for Kosovo autonomy drafted by State Department
officials was intentionally crafted to provoke a rejection from Serb
negotiators. In his Nation article, Kenney compares this plan to the
Gulf of Tonkin incident.

Providing further confirmation of Kenney's account, Jim Jatras, a
foreign policy aide to Senate Republicans, reported in a May 18 speech
at the Cato Institute in Washington that he had it "on good authority"
that a "senior Administration official told media at Rambouillet, under
embargo" the following:

"We intentionally set the bar too high for the Serbs to comply. They
need some bombing, and that's what they are going to get."

In interviews with FAIR, both Kenney and Jatras asserted that these are
actual quotes transcribed by reporters who spoke with a U.S. official.
They declined to give the names or affiliations of the reporters.

The revelation that American reporters knew about a U.S. strategy to
create a pretext for NATO's war on Yugoslavia - but did not report on it
- raises serious questions about the independence of mainstream news
organizations.

More reporting is needed on the origins of this war, as well as the
opportunities for peace that may have been overlooked.

This release will be updated as new information becomes available.

This media advisory was written by FAIR media analyst Seth Ackerman
( mailto:[EMAIL PROTECTED] ).

   --



---
Robert Naiman [EMAIL PROTECTED]
Preamble Center
1737 21st NW
Washington, DC 20009
phone: 202-265-3263
fax:   202-265-3647
http://www.preamble.org/
---






[PEN-L:7718] Re: a story on Chinese workers

1999-06-04 Thread Tom Lehman

Jim, this is interesting stuff.  Henry sent me a couple of things about labor
unrest and organizing in China some months ago.

When Chinese workers say, they are not going to work for 46 cents an hour in
northern China or 23 cents an hour in southern China.  Yes, in China people are
being thrown out of work because of this sectional wage differential; then you
will see some change.  Of course I also agree with Henry that when the Chinese
workers have had enough you will probably see them out in the streets waving
pictures of Chairman Mao in much the same way many American workers, including
yours truly, wrap themselves in the flag, mom and apple pie.

Jim, I understand that down your way or not all that far from you, General
Motors is paying 95 cents an hour in their Mexican plants!

Your email pal,

Tom L.


Jim Devine wrote:

 of interest, from the L.A. TIMES, at
 http://www.latimes.com/HOME/NEWS/NATION/UPDATES/lat_labor990604.htm

 Friday, June 4, 1999

  Chinese Rulers Fear Angry Workers May Finally Unite

  Labor: Ten years after Tiananmen Square crackdown, unemployment, not
  lack of democracy, fuels discontent.

  By HENRY CHU, Times Staff Writer

  SHENYANG, China--Liu Lao is on the longest vacation of his life: two years
 and counting.

  In 1997, the state-run iron foundry where he worked suddenly stopped
 production after losing too much money. But rather than lay everyone off,
 the factory bosses sent employees home "on holiday," a semantic ploy that
 allowed them to avoid having to pay severance and welfare benefits.

  Liu now spends his extended, unpaid "holiday" standing on a sidewalk in
 this ancient imperial city, peddling cheap steering-wheel covers to passing
 motorists and stewing in a kettle of discontent.

  "If workers had supported the students in '89," he grumbled, referring to
 the abortive anti-government protests that year in Beijing's Tiananmen
 Square, "the outcome would have been a lot different."

  A decade after Beijing sent tanks in to crush demonstrators on June 4,
 1989, killing hundreds--perhaps thousands--of people, the prospect of labor
 unrest worries China's Communist leaders the most as they seek to hold on
 to power in the world's most populous country.

  The former students who pushed for democracy are a spent force these days,
 in prison, in exile or indifferent, more concerned about their pocketbooks
 than politics. Their successors at China's universities are more likely to
 back the government than attack it-- witness the student-led demonstrations
 that erupted after last month's NATO bombing of the Chinese Embassy in
 Belgrade, the Yugoslav capital.

  But with unemployment spiraling and the economy slowing, disaffection
 among urban workers, a key segment of Chinese society, is on the rise. And
 while few Western commentators seem to remember, the Communist regime is
 acutely aware that economic and labor grievances played an important role
 in the 1989 protests, a realization that helps explain Beijing's continuing
 jitters over restiveness among China's 200-million-strong urban work force.

  Already, reports are rife of labor unrest across the country, from Hunan
 province in the south to here in the northeast, China's Rust Belt.

  So far, most of the unrest has taken the form of small, isolated protests
 by unpaid workers who block traffic or picket local authorities to get
 their demands heard.

  But the government fears that laborers--particularly the unemployed, who
 number between 15 million and 25 million in China--might organize en masse
 to become the wellspring of new opposition to Communist rule. Or, worse
 yet, that disgruntled workers might try to link up with other
 disenfranchised groups, such as political dissidents, to create some sort
 of united national front.

  "Until you get Wuhan hooked up with Beijing, which is hooked up with
 Shenyang, it's not going to be a threat to the government," said a Western
 diplomat who tracks labor issues. "There's potential for localized
 protests, but until there's a national organization, it's not a threat."

  Little evidence has emerged of serious coordination among workers
 countrywide or between workers and other groups. Many unemployed laborers,
 often in their 40s and 50s, say they have too much to lose to mount
 challenges that appear doomed to fail against the implacable machinery of
 an authoritarian state.

  "If we get thrown in jail, who will take care of our families?" asked Yu
 Wenting, 47, a factory worker who has been out of a job for two years.
 "Under the Communist Party, the Chinese people have become obedient. They
 don't dare fight the party."

  But Beijing is taking no chances.

  3 Labor Activists Reportedly on Trial

  Last week, three men who tried to set up an independent labor watchdog
 group in the central city of Tianshui were put on trial for subversion, a
 Hong Kong-based human rights group reported. The charges carry stiff prison
 sentences and are similar to 

[PEN-L:7713] Re: petit-bourgeois scribbler/parlor dilettante

1999-06-04 Thread Henry C.K. Liu

It applies to whoever voluntarily feels the heat.
At least there seems to be general agreement that "petit-bourgeois
scribbler/parlor dilettante(s)" is not a flattering term.  That is progress.

I understand Michael's need and obligation, as moderator, to keep diversity
alive on the list.  So we will respect that.
In Chinese revolutionary tactics, the Party is kinder to targets of united
front candidates than it is to veteran comrades.  In fact, when one is
treated with kid gloves, that is a sign that one is ideologically retarded.
We should afford Professor Delong and others who identify the proper decorum
indeed.

Henry C.K. Liu

michael wrote:

 I don't think that there are any "petit-bourgeois scribbler/parlor
 dilettante(s)" on pne-l (unless you mean me, since I am not sure about
 myself).

 Such language does nothing to further any discussion.  All it did was to
 reignite a flame.

 --
 Michael Perelman
 Economics Department
 California State University
 Chico, CA 95929

 Tel. 530-898-5321
 E-Mail [EMAIL PROTECTED]






[PEN-L:7712] petit-bourgeois scribbler/parlor dilettante again

1999-06-04 Thread michael

I appoligize to the other petit-bourgeois scribbler/parlor dilettantes
on the list.

On a more serious note, if you think that you have relevant information,
try to resist calling your intended recipient an idiot or something
worse, and if you do, expect a less than enthusiastic response to your
intervention.


--
Michael Perelman
Economics Department
California State University
Chico, CA 95929

Tel. 530-898-5321
E-Mail [EMAIL PROTECTED]






[PEN-L:7709] petit-bourgeois scribbler/parlor dilettante

1999-06-04 Thread Tom Walker

Michael Perelman wrote

I don't think that there are any "petit-bourgeois scribbler/parlor
dilettante(s)" on pne-l . . .

What am I? Chopped liver? The problem with the subscribers on this list is
they don't know a compliment when they see one.






[PEN-L:7708] Re: Sado-imperialism

1999-06-04 Thread Tom Walker

I wrote,

. . .Weiner schnitzel! Hah-ha! Take that, dude!

I meant to say "wiener" schnitzel. I hope my typo didn't offend any weiners.






[PEN-L:7707] Re: Re: Bozofilter time

1999-06-04 Thread Henry C.K. Liu

DeLong find the follwing offensive:   I take it that I am the "petit-bourgeois
scribbler/parlor dilettante" referred to here.

Yet he characterizes the follwing as benign:   The fact remains that Mao Zedong
was (along with Josef Stalin and Adolf Hitler) the head of one of the very,
very few regimes that managed to kill more than thirty million people in this
century. Mao's Great Leap Forward and the Cultural Revolution count as among
the greatest human disasters of this century...

He never response to my serious points except through ridicule, Bozo style.

Professor DeLong, as an economist, please answer my post on LBO reproduced
below:

There would have been no deaths in the 1961-62 famines if not for the US
embargo.

Reports of severe natural disasters in isolated places and of bad weather
conditions in larger areas appeared in the Chinese press in the Spring of 1959,
after the Wuhan Plenum in December 1958 already made policy adjustments based
on the technical criticism of Peng Dehuai on the Peoples Communes initiative.
In March, 1959, the entire Hunan region was under flood and soon after that the

spring harvest in South-west China was lost through drought.  The 1958 grain
production yielded 250 million tons instead the projected 375 million tons, and
1.2 million tons of peanuts instead of the projected 4 million tons.
In 1959, the harvest came to 175 million tons.
In 1960, the situation deteriated further.
Damaged by drought  and other bad weather affected 55% of the cukltivated area.
Some 60% of the agricultural land in the North received no rain at all.  The
yield for 1960 was 142 million tons.
In 1961, the weather situation improved only slightly. In 1963, the Chinese
press called the famine of 1961-62 the most severe since 1879. In 1961, a food
storage program oblidged China to import 6.2
million tons of grain from Canada and Australia. In 1962, import decreased to
5.32 million tons.  Between  1961 to 1965 China imported a total of 30 million
tons of grain at a cost of US$2 billion. (Robert Price, 'International Trade of
Communist China' Vol II, pp 600-1).
More would have imported except US pressure of Canada and Austrailia to limit
sales to China and US interference with shipping prevented China from importing
more.
Canada and Australia were both anxious to provide unlimited credit to China for
grain purchase, but alas, US policy prevailed and millions starved in China.

Henry C.K. Liu







[PEN-L:7705] Re: Re: Re: China, WTO Excess Capacity

1999-06-04 Thread ts99u-2.cc.umanitoba.ca [130.179.154.225]

What I don't understand is why China seems so intent on getting in 
to the WTO which will limit its ability to use policy measures to 
develop its own economy.

Paul Phillips,
Economics,
University of Manitoba

Date sent:  Thu, 03 Jun 1999 18:18:04 -0400
From:   "Henry C.K. Liu" [EMAIL PROTECTED]
To: [EMAIL PROTECTED]
Subject:[PEN-L:7660] Re: Re: China, WTO  Excess Capacity
Send reply to:  [EMAIL PROTECTED]

   I am devoting my energy to move China back to the socialist road.  A
 mixed economy only means a capitalist economy through torturous paths.  I firmly
 believe that profit is not the only effective movtiving economic force and a profit
 motivation society cannot be good.  That is why I think Mao is important and WTO is
 a bad vehicle.
 
 Henry C.K. Liu
 







[PEN-L:7704] (Fwd) Yugoslavia: War on the Environment

1999-06-04 Thread ts99u-2.cc.umanitoba.ca [130.179.154.225]


--- Forwarded Message Follows ---
Date sent:  Thu, 03 Jun 1999 14:48:44 -0700
To: [EMAIL PROTECTED]
From:   Sid Shniad [EMAIL PROTECTED]
Subject:Yugoslavia: War on the Environment

Date: Wed, 2 Jun 1999 
From: "Janet M. Eaton" [EMAIL PROTECTED]
Subject: ECOLOGICAL Catastrophe [4] NATO Bombings  [References]

 

ECOLOGICAL CATASTROPHE  HEALTH HAZARDS OF THE
NATO BOMBINGS: AN ANNOTATED URL REFERENCED LIST 
OF INTERNET ARTICLES,  NEWS, PRESS RELEASES. [ PART 4 ]
[Compiled by Dr. Janet M. Eaton, May 31,  1999 ]

Please add to the following earlier compilations:


ECOLOGICAL CATASTROPHE  [PART 3]
http://news.flora.org/flora.mai-not/11622


ECOLOGICAL CATASTROPHE  [PART 2]
http://news.flora.org/flora.mai-not/11281


ECOLOGICAL CATASTROPHE  [PART 1] 
 http://news.flora.org/flora.mai-not/11003


This compilation contains summaries and links to a  
comprehensive paper on "Gulf War Veterans and Depleted Uranium" 
prepared by Dr. Rosalie Bertell for the Hague Appeal for Peace [HAP] 
Conference, a 30 page  "Overview of the Ecological Consequences of 
NATO Bombing on Yugoslavia"  by Dr. Radoje Lausevic, University  of 
Belgrade,  startling  photos of  a massive and dense toxic black 
cloud from the burning of Pancevo Petrochemical Plant photographed 50 
km away  several hours afterwards as well  a few resources and 
several related news releases.. 

A) INDEX OF ECOLOGICAL CATASTROPHES  ARTICLES
B) ANNOTATED LIST OF  ECOLOGICAL  CATASTROPHE ARTICLES 

For your information and use. 
Please distribute as you see fit !! 

All the best,
Janet Eaton 

Dr. Janet M. Eaton, PhD 
Biologist, Educator, Researcher, 
Public Policy Consultant,
Research Fellow, International Systems Institute, 
Wolfville, N.S.
CANADA
[EMAIL PROTECTED]




A) INDEX OF ECOLOGICAL CATASTROPHES -INTERNET ARTICLES

1) Gulf War Veterans and Depleted Uranium
Prepared for the Hague Peace Appeal Conference, May 1999   
By Dr. Rosalie Bertell, Ph.D., G.N.S.H.
http://www.pgs.ca/pages/nl/rb990504.htm 


2) OVERVIEW OF ECOLOGICAL CONSEQUENCES OF 
  NATO BOMBING OF YUGOSLAVIA SINCE MAY 20, 1999 
By Dr. Radoje Lausevic
Posted by :Janet M. Eaton [Due to length of the report it was 
posted in four sections]
Date : May 23rd
URL's 
http://news.flora.org/flora.mai-not/11655
http://news.flora.org/flora.mai-not/11656
http://news.flora.org/flora.mai-not/11657
http://news.flora.org/flora.mai-not/11658. 
Website:
Full report available as  a zip file containing a wordperfect  
document: 
http://www.BalkanPeaceNetwork.freeserve.co.uk/Environment.htm


3)  BLACK CLOUD OVER THE BALKANS -PHOTOS 
From:  Janet M Eaton
Date: May 23, 1999
URL: http://www.BalkanPeaceNetwork.freeserve.co.uk/Environment.htm
[Network for Peace in the Balkans] 


4)  The Use of Depleted Uranium bullets and bombs by 
NATO forces in Yugoslavia. 
By:  Coghill Research Laboratories Lower Race, Pontypool, 
Gwent NP4 5UH
Date: April 8, 1999
URL:http://www.cogreslab.demon.co.uk

5) DU - Valid Information Sources re Health
Impacts !!
From:  [EMAIL PROTECTED] (Janet M. Eaton)
Date: 26 May 1999 16:34:58 -0400
URL:  http://news.flora.org/flora.mai-not/11716


6)  Greek Greenpeace Grivas resigns - condemns NATO's
Ecological Disaster [ letter of resignation! ]
From:  Snezana Vitorovich [EMAIL PROTECTED]
Cross-posted to mai-not list serve by [EMAIL PROTECTED]
Date: 26 May 1999 13:14:33 -0400
URL http://news.flora.org/flora.mai-not/11711


7) Vegetables A Casualty Of NATO Air War?
From:Reuters Press 
Date:  May 27, 1999.  
http://webcrawler-news.excite.com/news/r/990527/09/odd-hailstorms

   
8)  ROMANIA BLAMES ACID RAIN ON NATO BOMBING 
From: Reuters, (Planet Ark http://www.planetark.org/)
Date:  May 27, 1999
URL:  http://202.139.253.156/news/27059903.html

  
9) Fishermen up in arms over NATO  bombs
By: Michel Bôle-Richard in Rome
For: Le Monde
URL: http://news.flora.org/flora.mai-not/11723

   
10) NATO BOMBING DAMAGE ASSESSMENT
[ links to ca 75 photofiles]
From:  Ian Goddard [EMAIL PROTECTED] 
Receivd via: proposition1 news list May 25, 199
URL: http://www.erols.com/igoddard/yugo-war.htm

11) APPEAL FOR THE YUGOSLAV HERITAGE UNDER THE BOMBS
From:  The Institute for Protection of Nature of Serbia
Date Received: May 23, 1999
URL:   http://www.natureprotection.org.yu/apel.html

   
12 ) NATO bombing of Yugoslavia
By:   Department of Organic Chemical Technology and Polymers
Faculty of Technology and Metallurgy Belgrade   
University Belgrade, Yugoslavia
URL:  http://www.net4s.com/under/ecologicalcatastrophe.html



B) ANNOTATED LIST OF  ECOLOGICAL  CATASTROPHE ARTICLES 

1) Gulf War Veterans and Depleted Uranium
Prepared for the Hague Peace Appeal Conference, May 1999   
By Dr. Rosalie Bertell, Ph.D., G.N.S.H.
http://www.pgs.ca/pages/nl/rb990504.htm 

Headings and excerpt from Dr. Bertell's paper:
*Source of Exposure:
"There is no dispute of the