In the Dean Baker's Economic Reporting Review of July 22, 2002, he
makes the following claim:
A rising stock market is primarily a redistribution from people
who own little or no stock, who are mostly middle income and
poor, to people who own a great deal of stock, who
Title: RE: [PEN-L:29447] Rising stock market redistributes wealth?
I wondered about that sentence in Dean's ERR. There are two major cases:
if the stock market is rising because of rising earnings, that would represent the effects of redistribution -- either from workers or from
I would suggest that redistribution is real. The fictitious capital
associated with capital gains through the wealth effect bids up the cost
of goods such as housing. That asset bubble also has real consequences
for renters who get displaced.
On Thu, Aug 15, 2002 at 07:34:37AM -0700, Devine,
Jim Devine wrote,
... It's bad for the left for there to be a bunch of
disaffected educated people who can't get decent jobs who join the
obscurantist right. Maybe we can draw them into our camp, but in order to
do
so, we have to pay attention to them.
... we need to increase the demand
In the aftermath of September 11th, certain sectors of the US left buckled
under ruling class pressure and turned against Noam Chomsky. His
uncompromising anti-imperialism might have been acceptable during the 1980s
when the Sandinistas were under Washington's gun, but in today's repressive
In a message dated 8/15/2002 10:41:05 AM Eastern Daylight Time, [EMAIL PROTECTED] writes:
Redistribution might happen if a company pushes up its stock prices by pushing its employees or their pension funds to buy the stock, while the CEO and other insiders are selling stock.
Millions of
Scientists shocked at GM gene transfer
Paul Brown, environment correspondent
Thursday August 15, 2002
The Guardian
Weeds have become stronger and fitter by cross-breeding with genetically
modified crops, leading to fears that superweeds which are difficult or
impossible to control may invade
Title: RE: [PEN-L:29451] Noam Chomsky and his critics
It's about time that I faced an easy choice, choosing between Chomsky Hitchens. Among other things, the latter is often incoherent. As someone said, when Hitchens hears the word fascist, he drops all of his socialist leanings and rushes
In a message dated 8/14/02 9:03:59 AM Pacific Daylight Time,
[EMAIL PROTECTED] writes:
I have heard nothing about this particular case. I wonder how common it
is.
The main focus of the U.S. war on terrorism remains on radical Islam, but
it has already shown several signs of being expanded
Title: RE: [PEN-L:29450] Re: underemployment
I wrote:
... It's bad for the left for there to be a bunch of
disaffected educated people who can't get decent jobs who join the
obscurantist right. Maybe we can draw them into our camp,
but in order to do
so, we have to pay attention to
Pig, goat sperm produced by mice
By ANNE MCILROY
SCIENCE REPORTER
From the Globe and Mail...cheers, Ken Hanly
Thursday, August 15, 2002 - Page A7
Researchers have succeeded in getting mice to produce healthy pig and goat
sperm, and they say they soon may get the rodents to churn out
I'm interviewing Joseph Stiglitz on my radio show in about 2 hours
(assuming he shows up). Anyone have any questions for him? I'll be in
email range only until about 4:15 NYC time, when I leave for the
studio.
Anyone wanting to listen (assuming he shows up): WBAI, 99.5 FM New
York and
Devine, James wrote:
What does it mean to increase the demand for educated people? How
does one do that?
If educated people are defined as having exalted credentials, it's
obvious that raising the demand for them involves more government
efforts to do research on science and the
please circulate widely
Call to Action!
September 25th - 29th in Washington, DC
STOP Infectious Corporate Greed!
CONFRONT Corporate Evil-doers at their CEO Summit!
QUARANTINE the World Bank and IMF on Saturday, September 28th
Get Plugged-in at www.globalizethis.com or call 202-452-5912
Title: FW: Please check this out... under god
USA Today is taking a vote on whether the words Under God should be
removed from the pledge of allegiance.
You can vote by going to the following web site:
http://www.usatoday.com/news/nation/2002/06/27/pledge-hold.htm
Thanks and please...
http://www.fortune.com/insiders/companies.html
On Thu, 15 Aug 2002, Doug Henwood wrote:
I'm interviewing Joseph Stiglitz on my radio show in about 2 hours
(assuming he shows up). Anyone have any questions for him? I'll be in
email range only until about 4:15 NYC time, when I leave for the
studio.
Damn, I had a good question, but I was
A very useful review of some more recent stuff on Chomsky than in the
biographies. There is in my view, no doubt that Chomsky is a remarkable
and brave and decent person. Moreover - undoubtedly he has done a huge
amount to galvanise the progressives around - let us use the term given
- the
Title: RE: [PEN-L:29465] re:Noam Chomsky and Hyperbolic comparisons
Hari Kumar writes:
1) JD thinks the choice is between Hitchens Chomsky. I doubt that.
What to say of Hitchens - though his Kissinger is pretty good
isn't it?
Just because I would choose Chomsky over Hitchens in a
Hari Kumar wrote:
I find this emblematic of a strange ambivalence towards the organised
left movement that is discerned in the refusal to entertain party
building.
Please--I have written tens of thousands of words on party-building. I
am not sure how old you are, Hari, but you seem to be
International Arms Sales Drop
By Barry Schweid
AP Diplomatic Writer
Thursday, August 15, 2002; 3:38 PM
WASHINGTON -- International arms sales declined substantially last year to almost
$26.4 billion
compared with about $40 billion in 2000. It was the first decrease since 1997.
The United
2) Although Chomsky talks to 'activists' - it is interesting that
virtually all his venues are in that very base that he claims as the
refugee of any (??) thought/thinking- the University. How has Chomsky
connected to those that will make the revolution beyond the 'activists'
- but the working
The Times of India
SUNDAY, AUGUST 11, 2002
Malaysian courts order illegal immigrants to be whipped
AP
KUALA LUMPUR: Malaysian courts for the first time ordered seven foreigners
to be whipped and imprisoned for entering the country without valid papers
under tough new laws against illegal
Scott Harrison wrote:
There are still Marxist revolutionaries in this world, and in fact growing
numbers of them in some areas--especially south Asia
Growing number in South Asia as a whole? You mean Nepal, I presume.
Ulhas
Louis wrote:
Please--I have written tens of thousands of words on party-building. I
am not sure how old you are, Hari, but you seem to be rather unaware of
the tremendous crisis and implosion of Marxist-Leninist groups in the
1970s and 80s. It is too bad that you unsubbed from Marxmail today.
US adviser warns of Armageddon
Julian Borger in Washington and Richard Norton-Taylor
Friday August 16, 2002
The Guardian
One of the Republican party's most respected foreign policy gurus yesterday appealed
for
President Bush to halt his plans to invade Iraq, warning of an Armageddon in the
try not to make it personal.
On Thu, Aug 15, 2002 at 07:11:36PM -0400, Louis Proyect wrote:
Hari Kumar wrote:
I find this emblematic of a strange ambivalence towards the organised
left movement that is discerned in the refusal to entertain party
building.
Please--I have written tens of
Now that the anti-patronising is dealt with:
The substantive issue is highlighted by Yoshie's reply. Thanks for that
Y.
This view of Louis' - I interpret to be a variant of defeatism. It gets
to asking of course, who is the 'leading class' of a revolution?
Some will not like even that
Hari Kumar wrote:
Dear Louis, don't patronise.
Indian CPs have 1 million party members, but on Left-wing mailing lists I
have been subjected to lectures on party building, stagism, Marx's letter to
Zasulikh, Marx on India, Vasco de gama etc etc. ! :-)
Ulhas
Hari Kumar wrote:
. The students in biology medicine that I teach
now - sure as hell don't come from any manual working class family that
I have recognised. With ONE exception - the Punjabi immigrants whose
parents are farmers.
So - who makes the revolution?
Manual working class
In a message dated 8/15/02 7:24:55 PM Pacific Daylight Time, [EMAIL PROTECTED] writes:
Now that the anti-patronizing is dealt with:
The substantive issue is highlighted by Yoshie's reply. Thanks for that
Y.
This view of Louis' - I interpret to be a variant of defeatism. It gets
to asking of
In a message dated 8/15/02 5:46:08 PM Pacific Daylight Time, [EMAIL PROTECTED] writes:
KUALA LUMPUR: Malaysian courts for the first time ordered seven foreigners
to be whipped and imprisoned for entering the country without valid papers
under tough new laws against illegal immigrants, court
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