One more thing, and I promise to come off it.... The query about Marxist financial advice devolved, or evolved, into a discussion of "efficient markets," as if somehow markets were an abstraction from the social relations that drive "free exchange;" as if in fact, free markets did not require compulsion, force, and death squads to enforce their ultimate rationality. Markets, and efficiency, are thus fetishized... to the point that some who claim to be Marxists actually advocate buying emerging market country bonds, and Venezulean bonds in particular.
Now that's rich, really a friggin knee slapper. Where years ago rock stars, Treasury Secretaries, jubilee celebrators, were urging cancellation of the debt, here come our efficent market Marxists urging others to become debt holders. Brilliant, absolutely brilliant. Proudhon got nothing on these guys, absolutely nothing. ----- Original Message ----- From: "Carrol Cox" <[EMAIL PROTECTED]> To: <[EMAIL PROTECTED]> Sent: Thursday, June 24, 2004 8:09 PM Subject: Re: [PEN-L] Marxist Fianancial Advice > sartesian wrote: > > > > Keerist, can't we at least spell "financial" correctly? And then terminate > > this thread? > > > > Oh come off it. True the initial question, as phrased, was perhaps not > very interesting, but a lot of different topics came up under the > heading. And ultimately, maillists are conversation, not the formal > meeting of the Political Committee of the Central Committee of The Sixth > International. > > And a serious point, that's been bugging me for 35 years. The most > chaotic parts of various regional and national conferences back during > the '60s and early '70s were when someone started talking about what we > should be talking about. It only led to talking about talking about what > we should be talking about, which only led to talking about . . . . > > Carrol
