Part two of Leo Panitch interview on the dollar. http://therealnews.com/t/index.php?option=com_content&task=view&id=31&Itemid=74&jumival=4342
In it he confirms my statement that a decline in the dollar will bring about at least somewhat of a decrease in unemployment but he agrees with S.Artesian that it does not necessarily mean increased health of the US economy due to the integration of US capital globally. He also believes that the US and other central banks *are* monitoring and controlling the decline (which is still only down to the level it was at in 2007 before, as S.Artesian rightly points out, it became the safest place to store value). He also discusses the impact that this will have, or any further decline, would have on the global south. How this brings to the fore the fundamental question of the globalization/export orientation policies that have dominated the last few decades. I am still a bit unsure where he is going at the end with his list of transitional demands. The part about how this could bring fundamental questions to the table seemed a bit more interesting and a place where revolutionaries could take up and expand on. In Sol, Brad ________________________________________________ YOU MUST clip all extraneous text when replying to a message. Send list submissions to: Marxism@lists.econ.utah.edu Set your options at: http://lists.econ.utah.edu/mailman/options/marxism/archive%40mail-archive.com
