Doug Henwood wrote: >Pentium. > > Just how has the speculation of the finance capitalist dethroned the > industrial capitalist? How is it different now from, say, 1929, when the > collapse of a speculative structure ushered in a massive debt deflation and > a decade of depression? I have no data to back this up, but I suspect that the pentium has made speculative movements move more quickly. Certainly, program ordering has made a certain type of autmatic investments possible. I do not claim that the pentium has necessarily changed the qualitiative nature, but I would appreciate learing more about the quantitative change that I suggested. -- Michael Perelman Economics Department California State University Chico, CA 95929 Tel. 916-898-5321 E-Mail [EMAIL PROTECTED]
