[PEN-L:11243] Re: Re: Re: Re: Re: Capitalist development

1999-09-18 Thread Ajit Sinha
As far as i know, China did not need to go around the cape of good hope, Barkley. In the earlier period, the advantage of sea rout to India was mainly on account of 'internalizing the security cost'. Prior to Vasco da Gama, the goods from India went to Europe through the land rout to the mouth of

[PEN-L:11245] Person work hours at the dawn of capitalism

1999-09-18 Thread Louis Proyect
Charles: In other words, you would have to be claiming that the European total work hours of the European workers was greater than that of the non-European slaves and semi-slaves at the rosy dawn of capitalism. Do you have studies comparing the numbers of person hours worked by both ? LNP: This

[PEN-L:11246] Blaut's response to the discussion

1999-09-18 Thread Louis Proyect
Lou: I just read the archive of pen-l from Sept 15 through today. I didn't find any arguments that really need to be answered . . . I appreciate your throwing in gobs of my book. The folks should be advised to look at Gunder's ReORIENT, Jack Goody's THE EAST IN THE WEST, There's a huge new

[PEN-L:11247] Economists searching for reality

1999-09-18 Thread Louis Proyect
NY Times, September 18, 1999 Students Seek Some Reality Amid the Math of Economics By MICHAEL M. WEINSTEIN On my first day as a graduate student in economics at the Massachusetts Institute of Technology, the professor introduced the discipline by intoning, "All of economics is a subset of the

[PEN-L:11253] Re: Person work hours at the dawn of capitalism

1999-09-18 Thread Mathew Forstater
There are lots of debates about whether the Enslavement of African peoples in the U.S. south, for example, was capitalist or not. Two points: 1) Enslaved Africans were producing *commodities.* 2) This production was responsible for capital accumulation This is strong evidence supporting the

[PEN-L:11256] Re: Person work hours at the dawn of capitalism

1999-09-18 Thread Rod Hay
There may have been a lot of debate about the capitalist nature of American slavery, but I think those are old debates. Most everyone doing research in the area agrees that it was capitalist. The problem arose from a misreading of Marx by some of the old CP members who insisted that to have

[PEN-L:11259] Re: Capitalist development

1999-09-18 Thread J. Barkley Rosser, Jr.
But when one da Gama and those who followed him returned from the Indian Ocean to the Atlantic they faced the same problem. There is a variation of easterlies and westerlies in the Indian Ocean, depending on where one is. The easterlies help one to get from Asia to Africa and operate all

[PEN-L:11261] Re: 2 random questions

1999-09-18 Thread Max B. Sawicky
1. Is Hoffa doing much damage to the Teamsters or is it business as usual? 2. While most religions have created vicious theological dictatorships, have the Buddhists so far avoided such excesses? Have any dictators claimed to ground their abuses in Buddhist principles? Hard to see much

[PEN-L:11262] Re: Re: Re: Re: Re: Re: Capitalist development

1999-09-18 Thread J. Barkley Rosser, Jr.
Ajit, I fully agree. But why was it not Chinese merchants who felt the need to take advantage of these potential savings rather than the Portuguese da Gama? For that matter, why do we have the Venetian Marco Polo traveling to China across land about the time of the emergence of imporant

[PEN-L:11263] Re: Blaut's response to the discussion

1999-09-18 Thread J. Barkley Rosser, Jr.
Lou, Well, I have already responded to some of these points in other posts. One thing I would agree with Blaut on is that Europe was not scientifically or technologically superior in any significant way in 1500, or certainly not in say 1450. Actually the world's technological leader in

[PEN-L:11269] RE: Re: IMF to become autonomous?

1999-09-18 Thread Charles Brown
Max Sawicky [EMAIL PROTECTED] 09/17/99 04:57PM . . . Question: do you think there can be progressive nationalism for the U.S., and if so, what might it look like? (( Charles: Honoring treaties with the Indigenous peoples. CB

[PEN-L:11272] Re: : finanz kapital

1999-09-18 Thread Charles Brown
Lenin's analysis of monopoly is directly based on Marx's , only contrary to treating it like dogma ( that dogmatic and false refrain of liberal commentators on Lenin) , Lenin develops it to the changes in conditions that had come about since Marx's era, the complete opposite of what you say

[PEN-L:11275] ICTSD caqlendar for WTO events in Seattle

1999-09-18 Thread Lisa Ian Murray
http://www.ictsd.org/html/seattlecalendar.htm Events Around WTO Seattle Ministerial Conference (30 November-3 December) To submit an event or correction to this list, please contact [EMAIL PROTECTED] ICTSD will be using this space in the forthcoming months to announce events that will take

[PEN-L:11278] Re: colonialism

1999-09-18 Thread Rod Hay
This is only partially true of the 16th and 17th centuries. The period of the great price revolution. It is true that the gold did not elicit the inflation that might be expected from the volumes that were imported, because large amounts were re-exported to India. But it did cause inflation

[PEN-L:11276] Early economists and the origin of capitalism

1999-09-18 Thread michael perelman
I don't have any trouble with the proposition to that both the exploitation of British workers and the rape of the colonial lands contributed to the development of capitalism. In a sense, the debate is starting to concede the peripheral point that Brad made, to which I originally objected. I

[PEN-L:11274] The Internet Anti-Fascist: Friday, 17 Sep 1999 -- 3:75 (#333)

1999-09-18 Thread Paul Kneisel
__ The Internet Anti-Fascist: Friday, 17 September 1999 Vol. 3, Numbers 75 (#333) __ ANTI-FASCIST WEB SITES

[PEN-L:11273] finanz kapital

1999-09-18 Thread Charles Brown
I don't at all agree that the WSJ has honest reporting. Whenever , I read it it has the same slick demogogy that the rest of the monopoly media does. Here's an article in 9/13/99 "If Detroit Rebounds, Robert Slattery Can Claim Some Credit" . The story doesn't seem very honest to me. Sounds

[PEN-L:11271] hello

1999-09-18 Thread James M. Blaut
Hi everyone! Lou Proyect conned me into joining the list. However, I swear under oath that I am not now and never have been an economist. I think I can counter Barkley's thoughtful (as usual) arguments. Will try to do so in the next post. Here I'll support Charles on the matter of colonial

[PEN-L:11270] Re: Re: Capitalist development

1999-09-18 Thread Charles Brown
Wojtek Sokolowski [EMAIL PROTECTED] 09/17/99 05:57PM At 01:42 PM 9/17/99 -0700, Jim Devine wrote: If one blames all of E's rise on exploitation, then in some ways it's a critique of the periphery that allowed itself to be conquered and exploited. If, on the other hand, one blames it all on

[PEN-L:11267] Re: East Timor, Kosovo, and Kuwait

1999-09-18 Thread Michael Perelman
Nathan, The difference between Kosovo and the other cases is that the aggressor is a client state. We have no need to call for military intervention. All the U.S. needs to do is to call off its dogs and they will comply. Several of us have mentioned that we think that the introduction of

[PEN-L:11268] Re: Capitalist development

1999-09-18 Thread Charles Brown
Barkley writes: Blaut argues that it was the fact that the Atlantic is narrower than the Pacific that accounted for the crucial ability of the Western Europeans to get to the Americas to do the exploiting before the Chinese (some Asians having already gotten there earlier but who lacked

[PEN-L:11266] Re: East Timor, Kosovo, and Kuwait

1999-09-18 Thread Carrol Cox
I don't know how one could get a dependable nose count on the questions Nathan raises, but I will report on my own count among those whose history I know. Without exception (that is, among those with whom I am still in contact) the people I worked with in Central America Solidarity in the '80s

[PEN-L:11265] Re: Capitalist development

1999-09-18 Thread Charles Brown
There is a theorem in the theory of cultural evolution ( might have been lifte from Trotsky) about the areas that are least developed or most backward have the most potential for revolutionary advance to the next level. It is a last will be first idea. The rationale is that those most

[PEN-L:11264] East Timor, Kosovo, and Kuwait

1999-09-18 Thread Nathan Newman
To avoid a bit of the beating the dead horse thing, I will try to be as unpolemical as possible in this post and hope for the same in the responses. With East Timor, Kosovo and Kuwait, we have three key situations of a larger local power seeking to dominate a smaller region with aspirations of

[PEN-L:11260] 2 random questions

1999-09-18 Thread michael perelman
1. Is Hoffa doing much damage to the Teamsters or is it business as usual? 2. While most religions have created vicious theological dictatorships, have the Buddhists so far avoided such excesses? Have any dictators claimed to ground their abuses in Buddhist principles? -- Michael Perelman

[PEN-L:11258] Re: Capitalist development

1999-09-18 Thread J. Barkley Rosser, Jr.
Louis, All the talk of gold and silver really doesn't amount to much. Most of this flowed into Spain, but there it either ended up in fancy churches or flowed out to the rest of Europe where it stimulated inflation. As Adam Smith long ago realized, money is a veil, it is not real wealth.

[PEN-L:11257] Re: Re: Person work hours at the dawn of capitalism

1999-09-18 Thread Carrol Cox
Yoshie Furuhashi wrote: Mat wrote: There are lots of debates about whether the Enslavement of African peoples in the U.S. south, for example, was capitalist or not. Two points: 1) Enslaved Africans were producing *commodities.* 2) This production was responsible for capital

[PEN-L:11255] BLS Daily Report

1999-09-18 Thread Richardson_D
BLS DAILY REPORT, FRIDAY, SEPTEMBER 17, 1999 RELEASED TODAY: Regional and state unemployment rates were generally stable in August. All four regions posted little change over the month, and 44 states recorded shifts of 0.3 percentage point or less. The national jobless rate was essentially

[PEN-L:11254] Re: Person work hours at the dawn of capitalism

1999-09-18 Thread Yoshie Furuhashi
Mat wrote: There are lots of debates about whether the Enslavement of African peoples in the U.S. south, for example, was capitalist or not. Two points: 1) Enslaved Africans were producing *commodities.* 2) This production was responsible for capital accumulation This is strong evidence

[PEN-L:11252] Re: Re: Re: Re: Re: Re: Capitalist development

1999-09-18 Thread Mathew Forstater
Chinese people were in East Africa 2000 years ago (evidence available on request). There is evidence of Africans in the Americas (Olmec, and other evidence) pre-Columbus. Some assume contact must mean conquer. This tells a lot. Some travel without any intention of conquering or slaving, even

[PEN-L:11251] WSJ

1999-09-18 Thread Carrol Cox
Doug Henwood wrote: True. It's a great newspaper. Even the tension between the editorial and news pages is interesting; it's fascinating to speculate why the monied want clear, honest reporting of the news, but when it comes to reflecting on the news, they prefer such tortured, dishonest

[PEN-L:11250] Re: Re: Re: Re: Re: finanz kapital

1999-09-18 Thread Doug Henwood
Charles Brown wrote: Whereas in the Wall Street Journal gems are far from rare. True. It's a great newspaper. Even the tension between the editorial and news pages is interesting; it's fascinating to speculate why the monied want clear, honest reporting of the news, but when it comes to

[PEN-L:11249] Re: : finanz kapital

1999-09-18 Thread Doug Henwood
Charles Brown wrote: Besides that , Vol. III of _Capital_ is older than _Imperialism_ ,but somehow you seem to think it has some contemporary validity. You're absolutely right. There's a lot in K vol 3 that's very enlightening on credit and the joint-stock company, to take two relevant

[PEN-L:11248] Re: Re: Re: Re: Re: Social structue and hierarchy of capital:superprofiteers at the top

1999-09-18 Thread Max B. Sawicky
RO: I'm not sure I understand your question. A fundamental problem I am raising is that because foreign gross product type data isn't caclulated, foreign profit numbers are as reported by corps only, without the adjustments the BEA does to have the numbers better refelect economic reality.

[PEN-L:11244] Re: Re: Role of the Colonial Trade

1999-09-18 Thread Ajit Sinha
Ricardo Duchesne wrote: Before I sent O'Brien's numbers, Ajit speculated that, if we assume that the take-off to industrialization requires an investment of approx 8% of the GDP, and that the domestic savings contributes 5% to 6% of that, whereas the colonies contribute 2% to 3%, then one

[PEN-L:11190] Re: Re: Re: recession?

1999-09-18 Thread Rob Schaap
G'day Jim, I expect that Alan G. will try to keep the Wall Street/Main Street bubble economy growing as long as possible. But do you really think he cares about Gore? He's an erstwhile follower of Ayn Rand after all, while Gore embraces a totally technocratic ideology. Well, Rand was a bit all