Julio Huato wrote:
This may be totally off target, but it seems to me that -- contingent
on time, place, area of the economy -- capital is alternatively
over-accumulated and under-accumulated with respect to profitability.
If you mean systematic uneven development, true. But the broad
On Dec 22, 2007, at 3:54 AM, Patrick Bond wrote:
Doug Henwood wrote:
I've just about finished reading an essay by Russell Jacoby in an
early-1970s Telos on the crisis tradition in Marxism. Jacoby traces
the origins of the school to the Russian populists, who argued that
capitalism could never
Doug Henwood wrote:
According to Jacoby,
whose staying power hasn't been so great... so maybe take some time this
holiday to read these folk, seeing as how a serious financial crisis is
bubbling over. Their work's online for the most part.
... Of course,
the crises of the 1930s led to fascism
Lakota Sioux Indian representatives declared sovereign nation status
Wednesday in Washington D.C. following Monday’s withdrawal from all previously
signed
treaties with the United States Government
See:
http://www.lakotafreedom.com/
This historic move occurs within three months of the
A tribute to a rare humanist economist
Patrick Bond, University of KwaZulu-Natal Centre for Civil Society
20 December 2007
I can offer some partial, highly biased, professional (sort of) and
heart-felt reflections on the work of Norman Reynolds, who died last
week in a site I'm sure he was
Greetings Economists,
On Dec 22, 2007, at 6:36 AM, Doug Henwood wrote:
Of course,
the crises of the 1930s led to fascism and the New Deal, not
revolution, so the empirical record isn't impressive.
Doyle;
Russia and China during this period were in the throws of revolution.
This comment is a
Doyle Saylor wrote:
South Africa, and so on happened in a non Depression
period.
Technically that's not so; SA witnessed declining per capita growth from
1989-93; the transition was in 1994 and thanks to myriad forms of
deregulation, corporate profits were soon restored. That's of course why
Greetings Economists,
On Dec 22, 2007, at 7:59 AM, Patrick Bond wrote:
Technically that's not so; SA witnessed declining per capita growth
from
1989-93; the transition was in 1994 and thanks to myriad forms of
deregulation, corporate profits were soon restored. That's of course
why
big capital
Doug Henwood wrote:
I gotta say, as much as I admire Harvey, I find accumulation by
dispossession to be a grand-sounding but fairly empty concept. When
has capitalism not stolen things - resources, land, urban
neighborhoods, communal property, you name it? It's just standard
operating
Patrick Bond wrote:
Perhaps the most serious of capitalist self-contradictions, most
thoroughly embedded within the capital accumulation process, is the
general tendency towards an increased capital-labour ratio in
production--more machines in relation to workers--which is fuelled by
the
how is the US government going to respond?
On Dec 22, 2007 7:33 AM, Brian McKenna [EMAIL PROTECTED] wrote:
Lakota Sioux Indian representatives declared sovereign nation status
Wednesday in Washington D.C. following Monday's withdrawal from all
previously signed treaties with the United States
I think this is your central point, right, Ted?
Ted Winslow wrote:
The methods of accumulation characteristic of capitalism in its
infancy - the methods of primitive accumulation - are internally
related to the particular form of capitalist subjectivity then
dominant. They can't recur in that
Blackwater lowers the OCC [in a strictly monetary sense], not necessarily
because the
company has less dependence on technology. Its assignments are not in the
highly
technological work of running predator drones. Instead, it charges $700 per
day or
some such outlandish figure] for its
On Dec 22, 2007, at 10:21 AM, Patrick Bond wrote:
Doug Henwood wrote:
According to Jacoby,
whose staying power hasn't been so great...
Dunno what you mean by this. His book on the American banalization of
psychoanalysis, which I read long ago, was great, and this essay is
pretty fine stuff
What I recall from the Jacoby article was the idea that the German Social
Democrats
argued that they need not engage in revolutionary activities because the economy
would do their work for them. They should retain their respectability so that
when
the crisis comes, the people will turn to them.
Speaking of the Three Strikes law:
http://www.counterpunch.org/sandronsky1007.html
Seth Sandronsky
Date:Fri, 21 Dec 2007 10:49:15 -0800
From:Jim Devine [EMAIL PROTECTED]
Subject: Re: closing the barn-door after the horse has escaped.
Charles Brown wrote:
The cleanest
Doug Henwood wrote:
Sam Gindin said two striking things in that Brecht Forum
debate with Brenner: 1) the crisis isn't in capitalism, it's in the
left; 2) if you'd told him in 1975 that the U.S. working class would
take 30 years of falling real wages, union busting, benefit cuts, and
rising
Doug Henwood wrote:
And what about financial crisis? Lehman Bros. did a count recently
and came up with 30 of them since 1900, or one every three years. Off
the top of my head, I remember these since the early 1970s:
* Franklin National
* Russia/LTCM
Case studies 2 and 3 in my wife's
I am sorry I do not have time for a more detailed response to this interesting
thread. One of the themes I have been playing with in my writings is the idea
that
industries with high fixed costs and low marginal costs are prime candidates for
bankruptcy without some constraint on competition.
On Dec 22, 2007, at 1:16 PM, Jim Devine wrote:
Even though it wasn't really Marx's phrase, the primitive in
primitive accumulation comes not from technology (railroads, etc.)
but from relations of production: it refers to extra-market coercion
used to start the capitalist ball rolling. The
Michael Perelman wrote:
What I recall from the Jacoby article was the idea that the German Social
Democrats
argued that they need not engage in revolutionary activities because the economy
would do their work for them.
Hilferding said, in 1910: If you take over the six Berlin banks you'll
On Dec 22, 2007, at 1:27 PM, Louis Proyect wrote:
Doug Henwood wrote:
And what about financial crisis? Lehman Bros. did a count recently
and came up with 30 of them since 1900, or one every three years. Off
the top of my head, I remember these since the early 1970s:
* Franklin National
*
Michael Perelman wrote:
I am sorry I do not have time for a more detailed response to this interesting
thread. One of the themes I have been playing with in my writings is the idea
that
industries with high fixed costs and low marginal costs are prime candidates for
bankruptcy without some
On Dec 22, 2007, at 1:31 PM, Patrick Bond wrote:
Michael Perelman wrote:
What I recall from the Jacoby article was the idea that the German
Social Democrats
argued that they need not engage in revolutionary activities
because the economy
would do their work for them.
Hilferding said, in
Jim Devine wrote:
Doug Henwood wrote:
Sam Gindin said two striking things in that Brecht Forum
debate with Brenner: 1) the crisis isn't in capitalism, it's in the
left; 2) if you'd told him in 1975 that the U.S. working class would
take 30 years of falling real wages, union busting,
me:
Even though it wasn't really Marx's phrase, the primitive in
primitive accumulation comes not from technology (railroads, etc.)
but from relations of production: it refers to extra-market coercion
used to start the capitalist ball rolling. The building of railroads
in the US involved
On Dec 22, 2007, at 1:59 PM, Carrol Cox wrote:
Gindin is playing what I call sandbox
politics: the political theorist who pushes around imaginary forces in
the little sandbox playground of his mind.
Hmm, all those years he's spent involved with Canadian unions and
worker education - nothing
Patrick Bond wrote:
In my view, the proper conception of 'crisis' is Robert Cox's, when the
internal logic of a system is inadequate to get the stabilising and
equilibrating forces back into play, and an external shock outside the
logic of the system (i.e. devalorisation in the case of
Doug Henwood wrote:
I find this argument completely opaque. I'm not pooh-poohing
anything. What I'm saying, and probably for the 40th time to you, is
that while the possibility of crisis
Well if you take the Coxian position, which you don't want to do (see
below), we're in a crisis.
... If
BEHIND THE NEWS with Doug Henwood
podcast: http://shout.lbo-talk.org/lbo/radio-feed.php
iTunes: http://phobos.apple.com/WebObjects/MZStore.woa/wa/
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or http://tinyurl.com/3bsaqb
Best Music on an Economics Politics Radio Show
Village Voice Best of NYC 2005
Newly posted
I know that it's politically correct (in the liberal sense of that
phrase) to say Happy Holidays or similar during this period. But
this year and last, I've said Merry Christmas.
Last year, it was because of the FOX pundit Bill O'Reilly-led defense
against the so-called War on Christmas. In case
Greetings Economists,
On Dec 22, 2007, at 10:56 AM, Doug Henwood wrote:
f you say the biggest problem with capitalism is that
it's always about to off the rails, then the implication is that you
want to preserve the status quo.
Doyle;
I think you won the catastrophist argument long ago. The
On Dec 19, 2007 7:38 PM, Max B. Sawicky [EMAIL PROTECTED] wrote:
Somebody's got to fill my shoes. By the way, you're up to 400
(different) visitors a day.
We need a couple more authors, however. There still needs to be more
posts per day.
Anybody interested, drop me a note. You too could
Capitalism was not establish on a particular date. Some people see capitalism
in
ancient Sumeria and the like since there were markets at the time.
Similarly, capitalist crises do not suddenly show up one day. The system has
many
contradictions. Sometimes they accumulate enough to reach a
Tipped by Stan Goff, Feral Scholar
http://www.feralscholar.org/
Other costs to American society begin to appear:
Tent city in suburbs is cost of home crisis
By Dana FordFri Dec 21, 8:18 AM ET
Between railroad tracks and beneath the roar of departing planes sits
tent city, a terminus for
On Saturday 22 December 2007 20:18:39 Leigh Meyers quoted:
Steve, 50, who declined to give his last name, moved to tent city four
months ago. He gets social security payments, but cannot work and said
rents are too high.
House prices are going down, but the rentals are sky-high, said
Steve.
Michael Perelman wrote:
Capitalism was not establish on a particular date. Some people see
capitalism in
ancient Sumeria and the like since there were markets at the time.
C-C or C-M-C may have existed in ancient Sumeria, but not M-C-M' with
labor-power as a commodity. The latter defines
Right, but some people still argue that capitalism has an ancient legacy.
On Sat, Dec 22, 2007 at 06:09:26PM -0800, Jim Devine wrote:
Michael Perelman wrote:
Capitalism was not establish on a particular date. Some people see
capitalism in
ancient Sumeria and the like since there were
Patrick wrote:
No comrade, the crisis is unfolding now, right now, and your fairy tale
of intrinsic US financial power (shared by Sam and Leo) is taking a
twist you comrades didn't expect.
Has the current crisis really caught those on the left - and beyond
yes, an ancient legacy called class exploitation, which preceded
capitalism by a few millennia...
On 12/22/07, Michael Perelman [EMAIL PROTECTED] wrote:
Right, but some people still argue that capitalism has an ancient legacy.
On Sat, Dec 22, 2007 at 06:09:26PM -0800, Jim Devine wrote:
Marvin Gandall wrote:
Has the current crisis really caught those on the left - and beyond - by
surprise? There has been much talk for the past several years about the
housing bubble and the danger posed to the global financial system by the
vast new array of arcane and untested derivative
Personally, I LIKE tent camping on the long-term but I wouldn't wish
it on someone old enough or disabled enough to be collecting social
security.
The situation has the lower middle class and working class competing
with the working poor, who are being 'relocated' to points unknownm
nor
Patrick,
I just read your article on the Global Crisis. I'm not really sure I
get your point about over-accumulation.
First, it's not clear to me whether over-accumulation is, in your
view, (1) a chronic, systemic condition of capitalism, (2) a tendency
in a given stage in the history of
The Wall Street Journal reports on the spread of homes with negative equity.
As of
a year ago, estimates were that 7% of more than their homes were worth, but
housing
prices have fallen nearly 5% since then and are predicted to fall further.
Hagerty, James R. 2007. Price Indexes Will Map Out
In a recent Ohio case. the judge dismissed a number of foreclosure requests
because
the plaintiffs could not show that they were the legal owners of the properties.
This ruling seemed like it was a minor technicality is going to the complicated
nature of the securitized mortgages. BusinessWeek
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