Not a "recession". A recession implies cyclical regularity with a normal economic recovery. This is the terminal crisis for the "post-Fordist" or "neoliberal" political-economic regime. I have a hard time accepting the passing regime as fundamentally capitalist and would describe it rather as stage-managed "free enterprise". I don't expect the stage managers can easily step into that river again. There's going to be big upheaval. The question is whether it will be accompanied and driven by uprising or simple be suffered as dislocation.
On 3/18/08, Max B. Sawicky <[EMAIL PROTECTED]> wrote: > > a question: with the possibility of McCain or a Democrat coming to power > > and some of the excesses coming under regulation and some chance of a > > return to honour among thieves, and the fact [?] that corporate profits > > continue to ride high, can an uptick in corporate investment/spending > > make a difference? > > --ravi -- Sandwichman _______________________________________________ pen-l mailing list [email protected] https://lists.csuchico.edu/mailman/listinfo/pen-l
