Doug Henwood wrote:
There's no historical trend in U.S. stock market volatility, to take one
important example. Volatility rises and falls over time, but with no
secular trend - at least when measured at daily, weekly, or monthly
intervals. 5-minute volatility may be greater, but such
What exactly do you mean by investment goods? Capital goods, like
self-reproducing machinery? Or more "knowledge-intensive" goods, such as
medical equipment? I don't have the most recent data but a beakdown of US
exports by type of goods shows that US exports (a small % of GDP) embody
more of
I checked out Mother Jones today to see the responses to Paul Hawkin's
el-yucko article on "Natural Capitalism" last month. Hawkin's article
criticizes economists for not taking the environment seriously enough. In
reply, James Galbraith wrote a letter that starts:
Environmental
Michael Perelman wrote:
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
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
This sounds like SAP, a client-server database application from a German
company that ties together inventory, purchasing, general ledger, payroll,
personnel, etc. My plan for socialism is to install SAP globally. That was
a piece of the software that I posted a while back in my debate with Robin
D Shniad wrote:
You're right, Doug. This task was left to the finance capitalist, whose
ability to engage in manic speculation has been greatly aided by the
Pentium.
Just how has the speculation of the finance capitalist dethroned the
industrial capitalist? How is it different now from, say,
Interesting that Clinton just signed this Bill on working conditions in
offshore factories. Who was with him at the announcement but the
Chairman of Nike.
FYI.
Sid Shniad
This editorial appeared in today's Journal of Commerce.
April, 29 1997
Journal of Commerce Opinion
Investment imbroglio
The Multilateral Agreement on Investment is in trouble, a victim of
complacency and politics.
Last fall, the OECD effort to ease cross-border investment was
I would like to see some support for this categorical statement that
seems widely accepted here on Pen. I heard a management presentation
from executives at BC Tel that described a $43 million system they're
putting in place that will integrate all activity within the company on a
single data
In today's New York TIMES (April 29), there's a graph showing unemployment
rates in Britain, compared to those in the US and the Continent, using
"OECD standard measures." My question: though it is well-known that
Thatcher's administration several times redefined unemployment rates so
that they
=A9 GRANMA INTERNATIONAL 1997. ELECTRONIC EDITION. Havana, Cuba
=
--
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U.S. companies launch
campaign against Helm-Burton Act
=
=95 Influential business coalition including General Electric, IBM,
Exxon
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The steam mill gave us the industrial capitalist, and both gave us the
capitalist banker, but I don't think the Pentium has dethroned the
industrial capitalist.
Doug
You're right, Doug. This task was left to the finance capitalist, whose
ability to engage in manic speculation has been
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SWITZERLAND: ILO Proposes New Measures To Promote Labor Rights
Paris AFP in English, 1600 GMT 22 Apr 97
Geneva, April 22 (AFP) - The
International Labour Organization is proposing a new set of
Pen-lers,
I have had some enquiries by a member of the general public about
a number of issues relating to corporations, the environment and
globalization.
Specifically, he asked "if you knew of a single useful source of
information on the negative effects of globalization (a scientific
paper
At 09:47 AM 4/29/97 -0700, Doug Henwood wrote:
I don't think the transformations wrought by chips and fiber optics are
underappreciated by anyone, mainstream or radical. In fact, I think too
much attention is paid to them, at the expense of some very old underlying
social mechanisms (competition,
In the latest Nation magazine Barbara Ehrenreich reviews 3 books on the
subject of war while Susan Faludi reviews Ehrenreich's new book on the very
same subject called "Blood Rites". I found all of it completely hostile to
traditional socialist thinking on the subject. Is Ehrenreich still with
Doug,
I wonder if we wouldn't be better advised to think of the technology as
a social relation (much the same way the Marx thought about manufacturing)
and to understand the technology's influence on other social relations.
Posted on 29 Apr 1997 at 12:50:16 by TELEC List Distributor (011802)
Posted on 29 Apr 1997 at 11:20:25 by TELEC List Distributor (011802)
[PEN-L:9707] Re: globalization question
Date: Tue, 29 Apr 1997 08:19:00 -0700 (PDT)
Reply-To: [EMAIL PROTECTED]
From: [EMAIL PROTECTED] (rakesh bhandari)
If Indonesian capital can escape the contradiction between production
Rakesh writes: If Indonesian capital can escape the contradiction between
production and consumption through the export of consumer goods--as
suggested by Jim-- why
can't US capital escape the same contradiction through the export of
investment goods to markets in Asian and Europe?
To some
Great moments in economic thought. This morning, the BLS released the 97Q1
employment cost index, which showed direct wages up 0.9% (q-to-q) but
benefits stagnant. On CNBC a little while ago, CS First Boston chief
investment strategist Matt Alexy described the benefits number as evidence
of the
Max Sawicky recently wrote:
Alternatively we could see an LP melt-down
analogous to that of the Mulrooney party, its
name escapes me, in Canada.
Comment: The LP melt-down could not be analogous to that of the MulrOney
party, the Federal Conservative Party, because the Conservatives were the
[EMAIL PROTECTED] wrote:
While I am sympathetic to Doug's view that talk of the obsolescence
of ideas of ownership and capital may be used to dismiss the relevance of
Marxism, Marx himself on occasion talks as if technology is of crucial
significance:
"Social relations are intimately
Doug recently wrote:
I don't think the transformations wrought by chips and fiber optics are
underappreciated by anyone, mainstream or radical. In fact, I think too
much attention is paid to them, at the expense of some very old underlying
social mechanisms (competition, profit maximization,
Michael Eisenscher wrote:
But it would be as grave an error to ignore the
qualitative, not just quantitative impact these technologies have had on the
capacity for capital mobility, reorganization of the labor process, control,
and the options these open for capital which were not available 30
If Indonesian capital can escape the contradiction between production and
consumption through the export of consumer goods--as suggested by Jim-- why
can't US capital escape the same contradiction through the export of
investment goods to markets in Asian and Europe? In other words, hasn't the
James Devine wrote:
Anyway, the point is that the move from the northeast US to the South is
not exactly analogous to that of movements further south and east.
I agree that it is not analogous, but I would think that the move would
be easier to the U.S. South. Marsh told us that the types
Michael Hoover suggests (correctly, I think) that the fact that the jobs in
the southern US didn't pay well meant that there were inadequate consumer
markets in the South, so that there was no self-sustaining growth; the
actual growth was jump-started by military-related spending.
If we go
BLS DAILY REPORT, MONDAY, APRIL 28, 1997
Productivity in the nonfarm business sector as measured by the federal
government has been stagnating, or growing by small increments, for
decades. Meanwhile, manufacturing productivity -- which is a
component of the nonfarm business sector -- has
Michael Hoover responded to my question about the integration of the U.S.
South into the national economy, saying that the government expended
considerable resources to encourage investment there.
Why did they have to expend funds? Why was the investment so slow in
coming.
Michael
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