I re-titled this since I was the one who mistakenly gave it the 'digest' title.
CB:>>Is we is or is we ain't in recession ? Unemployment is 10% ! The working class is in depression. The bourgeoisie are recovering.<< Officially, according to the bourgeois economists, US and Japan, among many other countries, are officially in recession, as they define the term. Unemployment in the US? Just take the official figure and double it in order to get some idea. And even the reported stats on 'underemployed' are misleading. In the US, the reported figures are something like: people registering at state employment services offices and accepting part-time work while saying they are still seeking full-time work. Since these offices only handle a fraction of the actual workforce, I'm not sure what to make of their counts except to say they are undercounts and misleadingly used in order, well, to mislead. In terms of the working class, we are in a time in which there are wars, repression, health care and income crises while capital has over-production and, to put it non-technically, weak profits and either an inability or less desire to borrow money (unless they are stabilizing borrowing in order to cover short-term debt that is due). Repressive politically and socially, a lack of expansion in the economy. America's working class seems to have one glimpse of transcendence: belief that they are the holy warriors and progenitors of the holy American empire and its mission to rule the world in the name of all that is holy American. Of course as an everday phenomenon for many that means tuning into American-produced TV or going to see an American-produced movie, most of which re-inforce that view. And what group of people elsewhere in the world understand that mentality and exploit it? The rulers of Britain and Israel. And a few NATO allies, like Denmark and the Netherlands. CJ -- Japan Higher Education Outlook http://japanheo.blogspot.com/ We are Feral Cats http://wearechikineko.blogspot.com/ _______________________________________________ Marxism-Thaxis mailing list Marxism-Thaxis@lists.econ.utah.edu To change your options or unsubscribe go to: http://lists.econ.utah.edu/mailman/listinfo/marxism-thaxis
