there is something eurocentric about the word depression... I have worked once on least developing countries and some unemployment rates were close to 90 percent. and much of the same for the social dislocation throughout the third world. and if the case may be that if value can be created by non-economic factors, then that could mean that the extraction of surplus in the centre is positively related to pauperisation of the periphery. and as Tchkhov says: "even an imbecile can cope with a crisis. It's the everyday life that exhausts us"
________________________________ From: Carrol Cox <[EMAIL PROTECTED]> To: Progressive Economics <[email protected]> Sent: Tuesday, October 28, 2008 1:48:20 AM Subject: [Pen-l] Depressions Depressions can't be close to carbon copies of each other. Assuming that one (whatever we mean by the term) is underway, what might it look like, compared/contrasted to the '30s? Some things will certainly change appearancesd. Social Security payments and Medicare change the obligations of families in supporting the elderly, which should make a big difference. What else? Carrol _______________________________________________ pen-l mailing list [email protected] https://lists.csuchico.edu/mailman/listinfo/pen-l
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