Rob wrote: >Well, It doesn't look like too much growing is in the offing (see short report >on Japanese consumption projections and consumer sentiment) until some capital >eats itself towards new profitability and investment possibilities (look for >major indigestion in both the domestic banking sector and the US equity >markets, per Kenichi Ohmae's thesis - I reckon they can feed all the Fed >electrodes they like into the Wall St cat now; it won't be bouncing after >today).
the "grow or die" tendency of capitalism isn't always realized. "GoD" leads to over-accumulation either relative to natural constraints (� la David Ricardo or Mark Jones) or by creating its own barriers (� la Marx). Accumulation can be blocked by excessive debt accumulation, unused industrial capacity, and pessimistic expectations (on the demand side) or by bottlenecks in labor-power or natural-resource or (in the short run) fixed capital-goods markets or environmental disasters (on the supply side). Jim Devine [EMAIL PROTECTED] & http://bellarmine.lmu.edu/~jdevine
