On 7/30/06, Carrol Cox <[EMAIL PROTECTED]> wrote:
Jim Devine wrote:
>
> Jim Devine / "A different world can be created or re-created—but not
> until we stop enshrining the economic values of invisible labor,
> infinite and obsessive growth, and a slow environmental suicide." --
> Gloria Steinem
Steinem here seems to assume that "obsessive growth" is a function of
the intentions of individuals or groups of individuals. But, is it or is
it not true that capitalism & growth (in fact, 'obsessive' growth) are
inseparable? Can there be controlled growth under capitalism?
Fiscal and monetary policies aren't completely powerless. We have to
admit that, after the Great Depression, such policies have managed to
steer growth in the West at least for the benefit of the Western
ruling classes without any uncontrollable breakdowns. Whenever the
policies demand big adjustments, though, like the Volker recession
here, it wrecks the rest of the world.
The way interest rates have been moving lately in Japan and the USA,
another earthquake may shake up the rest of the world again sometime
soon.
--
Yoshie
<http://montages.blogspot.com/>
<http://mrzine.org>
<http://monthlyreview.org/>
