Jim Devine wrote: > > On Fri, Apr 18, 2008 at 6:18 AM, Marvin Gandall > <[EMAIL PROTECTED]> wrote: > > The question is whether there is a > > depression - and I think there is." And he adds, apocalyptically, that the > > "system itself could disintegrate". > > FWIW, Joseph Stiglitz didn't disagree very much at all, except with > the last point.
It seems to me that 'last point' shows a false understanding of the capitalist system. No amount of internal horror can cause the _system_, as a System_, to disintegrate -- except, perhaps, into something worse than the stoneage. If you don't hit it, it won't fall. And socialism (the alternative to horror) can only be created by a huge conscious mass movement, which no depression will by itself develop or even encourage. The anti-capitalist surge of the 1930s became strong _only_ when the system _seemed_ at least to be recovering, thus generating hope rather than frantic individualist attempts to survive. Marvin Gandall developed some of this in a recent LBO post. Carrol _______________________________________________ pen-l mailing list [email protected] https://lists.csuchico.edu/mailman/listinfo/pen-l
