On Thu, 12 Mar 1998, valis wrote:
Your immense admiration for the German and Japanese systems suggests
to me that their judicious compromise between stalemated capitalist and
SD forces is the best we can hope for, there or here. Is that so?
Admiration? Hardly. They're capitalist,
Technical change in one sector or a few sectors could definitely lead to
increased competitiveness for two reasons: (1) within that sector the firms
with older technology will find hard to maintain their profitability; (2)
the sector with latest technical change would have higher rate of profit
re: length of women's skirts and business cycle...some listers may
be interested in cyber-feminist and new electronic media artist
Nancy Paterson's installation *Stock Market Skirt*...Michael Hoover
URL: http://www.bccc.com/nancy/skirt.html
A blue
Mark Jones wrote:
No need to speculate, Bill, here are the facts (we were discussing
Dennis's views about the unimportance of the UK vis a vis Japan
and Germany).
I suspect a lot of those purchases attributed to the UK are for
international operations of all kinds of financial institutions
RE
"Refocusing the IMF"
BY: MARTIN S. FELDSTEIN
See Felstein's article by the same name in March/April 1998 issue
of _Foreign Affairs_.
Basic idea is that the high demands of IMF (which go beyond
"correcting" a countries current financial problems to cover
remaking the country as
"To [secure] to each labourer the whole product of his labor,
or as nearly as possible, is the most worthy object of
any good government."
Abraham Lincoln
circa 1847
quoted in David Donald's biography, Lincoln, page 110.
Eric Nilsson
Economics Department
CSUSB
San Bernardino, CA 92407
[EMAIL
Wasserman, Harvey. 1983. America Born and Reborn (NY: Macmillan).
89-90: President Abraham Lincoln observed just before his death:
"Corporations have been enthroned. An era of corruption in high places
will follow and the money power will endeavor to prolong its reign by
working on the
Dennis R Redmond wrote:
You're making the classic rentier mistake of confusing short-term
profitability
I hope I manage to profit from my mistakes as much as they do.
(the accumulation of finance capital) versus long-term
profitability (market share). The whole point of my argument is
Mark Jones wrote:
I read Doug Henwood's book attentively. Yes, it
is a good book. But his view that Wall St was not a good custodian of US
national and industrial assets, cannot surely be our final judgment. Wall St
led and initiated a massive restructuring of US capitalism, hauling it round
In a message dated 98-03-12 23:06:59 EST, you write:
Even if you did throw the prison population into the stats, how much
would effect the official unemployment rate? 1 or 2 per cent?
The person who sent this comment didn't sign their message, and their email
address was no clue -- however
valis:
Your immense admiration for the German and Japanese systems suggests
to me that their judicious compromise between stalemated capitalist and
SD forces is the best we can hope for, there or here. Is that so?
Redmond:
Admiration? Hardly. They're capitalist, planet-raping bastards,
The Yale Alumni Magazine reports that its radio station, WYBC, is going to
drop the hipster college radio format for "rhythmic contemporary hits."
Though student-run it is advertiser-sponsored. It also put in a bid on a
bankrupt New Haven AM station that offers "urban contemporary music and
At 05:28 PM 3/13/98 EST, Maggie Coleman wrote:
maggie:
Certainly Germany is more unionized than the USA, but since the fall of the
wall labor there has been under tremendous attack. As to Japan, the benefits
accruing to labor have accrued to Japanese men. A New School student (Dave
Kucera)
Dear Pen-lers:
Stop whatever you're doing for a moment, now or over the next day or two,
and give this missive the attention it deserves.
It came from my friends in Valparaiso, unsolicited, cc:'d to about 15 other
people. You may remember them from my Chile missives -- they're ones who
In a message dated 98-03-13 11:07:42 EST, you write:
So I've got a couple of Canadian dollar checks drawn on Canadian banks.
Piece of cake in this era of globalization, eh? No. My bank, Chase
Manhattan - not exactly a mom pop operation - says it'll take weeks to
collect 'em and the fee will
On Fri, 13 Mar 1998, Mark Jones wrote:
why else is sterling 15% overvalued, if it is not being used as a hedge
against such an outcome?
Because British interest rates are higher than Continental European rates.
Too high to ever permit Britain to get rich off of exports like Denmark or
Doug Henwood wrote:
I don't think it's this simple. Japan is suffering from a serious hangover
from its bubble days, a bubble caused in part by the partial deregulation
of its financial sector, itself caused in part by a policy of low interest
rates urged on them by the U.S. Germany and the
Doug Henwood wrote:
Mark Jones wrote:
No need to speculate, Bill, here are the facts (we were discussing
Dennis's views about the unimportance of the UK vis a vis Japan
and Germany).
I suspect a lot of those purchases attributed to the UK are for
international operations of all kinds
Ajit, Anthony, and I are putting forth a different conception of
"competition" than does Bill Lear. It's the classical conception, which
includes Marx. Bill's conception, on the other hand, seems to be the
textbook (neoclassical) conception.
Increased mobility of capital between sectors (and
Anthony D'costa wrote:
There is a strategy called mass customization. Also, those who do not
visit factories and see how things are made cannot appreciate the millions
of intermediate inputs that go into the final product but which we never
see. Doug makes the same mistake. There are lots of
FYI...
"Refocusing the IMF"
BY: MARTIN S. FELDSTEIN
National Bureau of Economic Research
SSRN ELECTRONIC DOCUMENT DELIVERY:
http://papers.ssrn.com/paper.taf?abstract_id=60037
Date: Undated
Contact: Martin S. Feldstein
There is a strategy called mass customization. Also, those who do not
visit factories and see how things are made cannot appreciate the millions
of intermediate inputs that go into the final product but which we never
see. Doug makes the same mistake. There are lots of products that are
So I've got a couple of Canadian dollar checks drawn on Canadian banks.
Piece of cake in this era of globalization, eh? No. My bank, Chase
Manhattan - not exactly a mom pop operation - says it'll take weeks to
collect 'em and the fee will be $45 per check. So much for the borderless
world...
BLS DAILY REPORT, THURSDAY, MARCH 12, 1998
RELEASED TODAY: The U.S. Import Price Index fell 0.8 percent in
February. The decline marked the fourth month in a row the index was
down and was again attributable to decreases in both petroleum and
nonpetroleum prices. The U.S. Export Price Index,
To whom...,
Hi. New here, but not to everybody.
When Dennis Redmond wrote that "EAM/CEM firms are, on average, far
more leveraged than their American counterparts", it really surprised me
for two reasons. First, I know that management consultants and
At 08:31 12/03/98 -0600, you wrote:
On Thu, March 12, 1998 at 07:50:16 (+0800) Anthony D'costa writes:
being Competitive has little to do with the fictitious notion of zero
profits. Competition is not understood to result solely from the number of
firms (the quantity theory of competition) but
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