[PEN-L] Robert Brenner: Devastating Crisis Unfolds

2008-01-19 Thread Louis Proyect
(Not one month after Robert Brenner wrote that he was analyzing stagnation, not cataclysmic crashes, he has this article in Against the Current.) http://www.solidarity-us.org/node/1297 Devastating Crisis Unfolds — Bob Brenner, for the ATC editors THE CURRENT CRISIS could well turn out to be

[PEN-L] Mortgage Company Exec Jumps to Death

2008-01-19 Thread Louis Proyect
(Posted to LBO-Talk by Andy F.) http://ap.google.com/article/ALeqM5jarJONkRDuGUYQm3JHM-b2Yz22KAD8U8L2400 Mortgage Company Exec Jumps to Death 14 hours ago MARLTON, N.J. (AP) — An executive of a collapsed subprime mortgage lender jumped to his death from a bridge Friday, shortly after his

[PEN-L] News from Airstrip One - British Gas raises energy prices by 15%

2008-01-19 Thread Leigh Meyers
The UK's biggest energy provider, British Gas, today announced an immediate price rise of 15% for its gas and electricity customers. The company, which has around 16 million customers in the UK, blamed rising wholesale prices for the increase. It said higher gas prices had reduced its operating

[PEN-L] Time as a stabilization policy tool

2008-01-19 Thread Sandwichman
What do Keynes, Luigi Pasinetti, John R. Commons, Sydney Chapman and Samuel Gompers have in common with Karl Marx (and, incidentally, Charles Wentworth Dilke)? They all presented rationales for the use of work time reduction as a vital economic policy tool. Their arguments are virtually forgotten

Re: [PEN-L] Time as a stabilization policy tool

2008-01-19 Thread Jim Devine
hey, let's reduce the mandatory time to 6 hours per day (4 days a week, with mandatory 4 weeks of paid vacation)! there, I've said it. Why aren't all the people in the media and the business world listening, and then obeying me? perhaps it's because it goes against their profit motives? Even if I

Re: [PEN-L] Time as a stabilization policy tool

2008-01-19 Thread g.a.s.
The beauty(beast) of work_ing_ing_ing_ _ _ : http://tinyurl.com/34575r Jim Devine [EMAIL PROTECTED] wrote: hey, let's reduce the mandatory time to 6 hours per day (4 days a week, with mandatory 4 weeks of paid vacation)! there, I've said it. Why aren't all the people in the media and the

[PEN-L] Got Concentration Camps? Check!… Privatized prisons for immigrants: The expansion continues

2008-01-19 Thread Leigh Meyers
According to a recent report by the Bureau of Justice Statistics - released on June 30, 2006 and revised in July 2007 - there are over 2 million people behind bars in the United States. (the population of incarcerated Americans was 740,000 prisoners in 1985, and is now more than 2.2 million

Re: [PEN-L] Got Concentration Camps? Check!… Privatized prisons for immigrants: The expansion continues

2008-01-19 Thread Carrol Cox
Leigh Meyers wrote: According to a recent report by the Bureau of Justice Statistics - released on June 30, 2006 and revised in July 2007 - there are over 2 million people behind bars in the United States. I may be reading an intention not in the post, but . . . If Leigh thinks this is

Re: [PEN-L] Time as a stabilization policy tool

2008-01-19 Thread Sandwichman
it's only when... Well, you know Jim, a well-articulated strategy could be a useful tool for focusing the energies of a labor movement so that it may become well organized. The ten-hour movement in England in the early 19th century and the campaign for the eight-hour day in the late 19th and

Re: [PEN-L] Got Concentration Camps? Check!� Privatized prisons for immigrants: The expansion continues

2008-01-19 Thread g.a.s.
I had, again, too much free time, yesterday, and, again, spent it on spending too much on (used) books, among them: fascism as we have known it in the past was characterized by certain traits, namely the existence of leaders, both military and civilian, w dictatorial powers, who were supported

[PEN-L] Re: [PEN-L] Got Concentration Camps? Check!… Privatized prisons for immigrants: The expansion continues

2008-01-19 Thread Leigh Meyers
On Jan 19, 2008 11:17 AM, Carrol Cox [EMAIL PROTECTED] wrote: Leigh Meyers wrote: If Leigh thinks this is evidence of u.s. fascism he is again showing his naivete in respect to the repressive powers and practice of good bourgeois democracies. There's nothing that necessarily keeps a

Re: [PEN-L] Time as a stabilization policy tool

2008-01-19 Thread Eugene Coyle
Tom, Some months ago you mentioned Luigi Pasinetti's book STRUCTURAL CHANGE AND ECONOMIC GROWTH. I thank you for that. I've been studying the book ever since. The introduction (Chapter 1) is the best work I've ever read on the history of economic thought. And Pasinetti does it in a few

[PEN-L] Re: [PEN-L] Got Concentration Camps? Check!… Privatized prisons for immigrants: The expansion continues

2008-01-19 Thread Jim Devine
GAS wrote: ps: can we try democratic instead of the communist in the party-part? Getting beyond the notion that Sartre (who once belonged to the CP) thought the French CP was fascist, is should be noted that the Democratic Party (for all of its many manifest faults and its patently capitalist

Re: [PEN-L] Query on Recessions

2008-01-19 Thread Jim Devine
Awhile back, Charles Brown wrote: Doesn't it seem likely that [the lack of] depressions (in the US) since the 30's is due to government application of economic science ? I said: A little. But mostly it was a passive matter: it was the balance wheel on the economy that the large government

Re: [PEN-L] The Old Remedies Won't Work This Time

2008-01-19 Thread Jim Devine
me: If the share of profit in total income and thus the rate of profit fall, that almost always depresses fixed investment spending and leads to a general decline in the economy. raghu wrote: This may have been the case with previous business cycles, but in the present upturn,

Re: [PEN-L] Time as a stabilization policy tool

2008-01-19 Thread Jim Devine
Sandwichman wrote: Well, you know Jim, a well-articulated strategy could be a useful tool for focusing the energies of a labor movement so that it may become well organized. The ten-hour movement in England in the early 19th century and the campaign for the eight-hour day in the late 19th and

Re: [PEN-L] Time as a stabilization policy tool

2008-01-19 Thread Carrol Cox
Jim Devine wrote: Sure, I'm in favor of fewer hours per week, but I don't think slogans or programs organize people well. (Some of my old friends were Trotskyists who believed that a well-crafted slogan or a new (improved!) version of the transitional program could spark a prairie fire --

[PEN-L] Frontiers of Cost-Benefit Calculations

2008-01-19 Thread Michael Perelman
A little more than a year ago, in response to a Wall Street Journal article on airline travelers' lost luggage, an insightful reader offered a more in depth analysis: Airlines lose luggage because there is no incentive to correct the problem. It would cost money to fix the broken systems, and

Re: [PEN-L] Time as a stabilization policy tool

2008-01-19 Thread Sandwichman
By the construction of your sentence, you imply that I am offering slogans. Nothing of the sort. I offer an analysis in which I point to major contributions to that analysis, including Pasinetti as mentioned above by Gene Coyle. Now if you refuse to engage that analysis because you judge