Greetings Economists, On Dec 1, 2007, at 1:04 AM, Sabri Oncu wrote:
Forget about inflation, worry about deflation, driven by debt.
Doyle; If things get severe or crisis like the left is not exactly ready for action. What unifies to action? I think it reasonable to ask that question if a crisis looms before us. Marx was of the opinion that Europe counted as far as revolution was concerned, and late in life decided Russia was worth studying. Revolution happened in Russia and China. So Marx was mighty wrong, but we honor the old man anyway for doing some groundwork. These days are different. The great U.S. war machine that could have defeated the Nazis in a week is unable to finish the job against Iraq in years. The job is not war though. Whatever their hidden agenda, oil, their governance techniques are sorry. I presume Sabri that Chavez has some good ideas, and other left zones too. So we are not bereft of ideas. I would think a crisis will weaken the U.S. and therefore neoliberalism. Perhaps destroying neoliberalism. But that hardly gives much comfort to those of us in the belly of the beast. We ask for and want some ideas for actions that work. I would say certain limits to ideas. Nuclear war forecloses world war. One system, not one nation at a time. That is where the conversation seems to me headed. thanks, Doyle Saylor
