Thank you for that clarification, Ron! There is one line in that chapter of Capital that could use some filling in of detail,"The colonial system with its maritime trade and commercial wars served as a forcing-house for it." "Maritime trade" may be a bit too genteel a euphemism for slave trade -- Bank of England, Treaty of Utrecht, "Asiento", South Sea Company & Bubble and all that jazz.
On Tue, Mar 5, 2013 at 11:50 AM, <[email protected]> wrote: > * *"c b" <[email protected]> wrote: > > > KM: Good morning "Merry Faux Socialists"! Anybody catch the "Great > > Debate last night? Scarborough v Krugman - or this morning's repeat > > parti'duo on morning Joe? Reminds me of the old "saw" - "Never start > > an argument with a man who buys ink by the barrel and paper by the > > tonne - you can't win" > > > Charles Brown We can be sure Krugman knows more about Keynes than > > Scarborough, but it's good if "Joe", the Conservative, is talking > > about Keynes. On our way to "all Keynsians, now" again ? > > The video is available on http://www.charlierose.com > > The argument was over the debt and KM "Public credit becomes the *credo* of > capital. > And with the rise of national debt-making, want of faith in the national > debt takes the > place of the blasphemy against the Holy Ghost, which may not be forgiven." > makes > Paul Krugman a true believer. > > I think that surplus value parked in national debt is just a way of > capitalists to protect > their capital and for them it beats paying taxes. > > -- > Ron > > > _______________________________________________ > pen-l mailing list > [email protected] > https://lists.csuchico.edu/mailman/listinfo/pen-l > > -- Cheers, Tom Walker (Sandwichman)
_______________________________________________ pen-l mailing list [email protected] https://lists.csuchico.edu/mailman/listinfo/pen-l
