En relación a Re: Chronology of the world crisis (was RE: [Cras,
el 30 Jan 01, a las 11:36, Patrick Bond dijo:
> Comrade Nestor, was that "mass" not merely the symptom; surely
> the cause was the growing crisis of overaccumulation of capital in
> general, which translated into liquidity not merely in terms of
> petrodollars, but soon enough -- combined with financial
> deregulation (reflecting rising power of financiers) -- into massive
> debt loads in virtually all sectors of economy and society. I always
> fear "roots of crisis" argumentation that STOPS at petrodollars,
> rather than continuing through to the other structural problems
> in the world economy that were becoming evident even before 1973.
Of course. So do I. In fact, the first traces of the crisis can be discovered
in the German turbulences of the mid-60s, according to Samir Amin. Blaming the
"petrodollars" (my sin, to resort to shorthand here) is, on the other hand, a
racist position. It is not "normal" working of Western led capitalism which
brought crisis here, it is the uncanny rapacity of those Eastern covetous
Arabs...
Néstor Miguel Gorojovsky
[EMAIL PROTECTED]
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