Charles Brown wrote: > Here's a novel idea. The current financial crisis is the long term crisis in > US industry finally expressed, the financial super-structure finally > reflecting the de-industrialization of the US, the Rust Belt, the > auto,-steel-manufacturing crisis of the last 30 years; and Wall Street as US > finance, not international finance.
> Capitalism can run, but it can't hide from its own _Real_ American > contradictions.< In so many words, that's what I've been saying: in desperate brevity, without the development of a (financial) bubble economy, the US economy would have stagnated (due to stagnant mass consumption). But the bubble couldn't last. The fowl have come home to roost. -- Jim Devine / "Nobody told me there'd be days like these / Strange days indeed -- most peculiar, mama." -- JL. _______________________________________________ pen-l mailing list [email protected] https://lists.csuchico.edu/mailman/listinfo/pen-l
