AND has replaced a "to". Sorry about that, Mark. Also I mean Hobson's great grandson John Hobson, author of Eastern Origins of Western Civilization. Don't have the book with me but it's searchable on google books. Search state debt. Grading for three courses right now. Just sloppier than usual.
On Tue, May 10, 2011 at 10:39 AM, Lakshmi Rhone <[email protected]>wrote: > Marx did not write the book on the state. I think that he would have been > interested in John Hobson's finding that between 1715-1850 the state through > taxation transferred 5% of GDP from middle class AND lower class consumers > to wealthy financiers.He compares this kind of massive forced savings to > what Stalin later carried out. Marx's analysis of the public debt system in > Part 8 of K, vol I anticipates that kind of analysis. >
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