On Mon, Mar 28, 2011 at 2:02 PM, ken hanly <[email protected]> wrote: > There is no need to generalize beyond necessity. There is nary a word about > economic determinism or Marxism in my post. I was simply pointing out some > facts > that Gar Lipow neglected.
Maybe. But having had to once convert an oil company accounting program to multi-currency (long before the EU had a single currency) and spending a lot of time with oil company accountants, I would be really surprised if Gaddafi's government had been getting anything close to 70%, even if that is the nominal rate. > I did mean to imply that getting a better deal for oil > companies might be one reason for intervention. I am sure it is not the only > one. Perhaps another is creative destruction. Look at all the western made and > provided planes, equipment etc. being destroyed as Gadaffi's military assets > are > bombed. Then there is a half billion or so destroyed in allied missiles. > Military Keynesianism and a huge stimulus program. It will also increase the > deficit and provide a marvelous opportunity to;cut more social programs and > further weaken labor. Finally it is a shot in the arm for humanitarian > imperialism. What a rush it must give to be supporting American values, aiding > idealist rebels and playing lead role in a morality play that is Televised and > Twittered etc. all day every day for some time now. > > Cheers, ken > > > > > ----- Original Message ---- > From: Louis Proyect <[email protected]> > To: Progressive Economics <[email protected]> > Sent: Mon, March 28, 2011 1:14:22 PM > Subject: Re: [Pen-l] from Juan Cole: An Open Letter to the Left on Libya > > On 3/28/2011 2:05 PM, ken hanly wrote: >> >> Gadaffi did not give the west everything it wanted as far as oil is >>concerned. >> The state retains a 70 per cent interest in projects. A new government could >> privatize that interest and it would be a huge boon for foreign oil. I do not >> know how having a ceasefire and negotiating a solution would have more >> casualties than allowing battles for cities. Even if Gadaffi is actually >> defeated in a short time there could be a situation as happened in Iraq after >> the defeat of Hussein. Loyalists kept on the struggle to the present with >> continuing casualties. >> > > I plan to write at some length about this but I got misled into > thinking an intervention was not going to happen because Libya had > an open door policy to foreign oil companies. I think that this is > more economic determinism than Marxism but need some time to think > this through carefully. > _______________________________________________ > pen-l mailing list > [email protected] > https://lists.csuchico.edu/mailman/listinfo/pen-l > > _______________________________________________ > pen-l mailing list > [email protected] > https://lists.csuchico.edu/mailman/listinfo/pen-l > -- Facebook: Gar Lipow Twitter: GarLipow Grist Blog: http://www.grist.org/member/1598 Static page: http://www.nohairshirts.com _______________________________________________ pen-l mailing list [email protected] https://lists.csuchico.edu/mailman/listinfo/pen-l
