On Feb 20, 2009, at 4:55 PM, Gernot Koehler wrote:
While mass unrest / class struggle may be feared by the G20, it has not materialised yet in any major way. Reminiscent of Churchill - at the time of greatest danger everybody was rallying behind him. How this rallying behind the hegemon fits into socialist theory, I don't know.
I don't know about socialist theory, but who at this point can mount a credible challenge to the U.S.? China now admits that it has no choice but to buy U.S. Treasuries. It's like John Connally all over again - it may be our credit crisis, but it's your problem.
Doug _______________________________________________ pen-l mailing list [email protected] https://lists.csuchico.edu/mailman/listinfo/pen-l
