Re: [Marxism] NPA 'down under'?

2010-11-28 Thread Alan Bradley
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I wrote:
 That said, I think that the Socialist Alliance in Brisbane is pretty
 much useless. It's better elsewhere, but yeah.

I should probably retract that statement. The current issue of Green Left 
Weekly is a lot better in its Queensland coverage, and the previous one isn't 
too bad either.

Coal Seam Gas articles:

Queensland ‘world epicentre of pollution’
http://www.greenleft.org.au/node/46199

Farmers to ‘lock the gates’ on mining companies
http://www.greenleft.org.au/node/46263

Are QLD and NSW the new gasland?
http://www.greenleft.org.au/node/46273


  


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[Marxism] Zodiac Actor Placed on Terrorist List for supporting Gasland documentary

2010-11-28 Thread Greg McDonald
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http://www.rawstory.com/rs/2010/11/zodiac-actor-terror-list-drilling-method/


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Re: [Marxism] Poison Playtime

2010-11-28 Thread Greg McDonald
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Correct. Why then is it OK to support a regime which plans to do the
same thing but calls itself socialist because it plans to redirect
some of the accrued revenue to working people?

Greg

On Sat, Nov 27, 2010 at 7:21 PM, Louis Proyect l...@panix.com wrote:

 http://www.nypost.com/p/news/international/poison_playtime_QwebQnOhMRcKmchxQufQGN

 Poison Playtime
 Peru lead-smelt suit could hit NY mogul

 By CHUCK BENNETT
 Last Updated: 7:25 AM, November 22, 2010

 Billionaire industrialist Ira Rennert may have a legal problem big
 enough to match his East End house, say lawyers preparing a massive
 lawsuit against his mining interests.

 The likely plaintiffs in the case against the Brooklyn-born Rennert --
 whose 66,000-square-foot mansion in Sagaponack is the nation's largest
 single residence -- would be as many as 3,000 Peruvian kids suffering
 from blood poisoning allegedly caused by a lead-smelting operation he
 invested heavily in, the lawyers said.

 Ira Rennert, one of the worst scumbags in the capitalist class:

 http://louisproyect.wordpress.com/2008/01/30/captalist-pig-of-the-month/


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[Marxism] The American Dream - A Dream Denied

2010-11-28 Thread Paddy Apling
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Last evening I recorded BBC2's showing of the subject title, (to be shown
again on BBC on Tuesday (or rather Wednesday !!) at 2.00 a.m. GMT, and have
reviewed it this morning: 

and conclude it contains much that must be a revelation to many born since
WW2 in UK (or elsewhere) and an upset to their acceptance of the
establishment view of the US and its world policies (i.e its supposed basis
of support of human freedom and democracy).

Most of it was just a rehash of events inscribed in the memory of my long
life-time's experience and opposition to the US government and its racism
(the Negros = the separated units of the US Army and USAAF in UK and Italy),
the aboriginal tribes of north America [Red Indians], the Gays (=Homos),
and its world-wide interventions on behalf of every disgusting right-wing
dictatorship (Phillipines, Chile, etc. etc) it believed to be under threat
of communism; but new to me, despite my involvement in the fight against
the war in Vietnam - was concerning those involved in the Weatherman
campaign
http://en.wikipedia.org/wiki/Weather_Underground_%28organization%29.

Presumably my hatred of all the US government has always represented was
what prevented me learning of this (perhaps naive, but surely justified)
direct-action organisation, derived from student activism.  

It is ironic that the BBC has decided to show this programme here just when
student activism against the imposition of increased fees in higher
education (with its sub-texts of make the bankers pay, end the wars in
the Middle East, etc.) - when this reminder of the darker aspects of
American Imperialism is, for once, likely to find an audience ready to think
deeply and wonder - about both home and foreign affairs - the question of
whose side are we on !!.   (At least the showing was during prime time -
though on the elitist channel of BBC2 -  {what were the mass looking at on
ITV or satellite, I wonder ??  - this I have NOT researched !}

The programme is not available on BBC iPlayer - but is to be repeated late
on Tuesday evening (02.00 GMT Weds).

Paddy
http://apling.freeservers.com






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[Marxism] A trailer for Our Story, an important presentation by Mustafa Barghouthi,

2010-11-28 Thread Dennis Brasky
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 Israeli Occupation Archive has posted 1 new item(s):

 * Mustafa Barghouthi: Our Story

 ___

 Mustafa Barghouthi: Our Story

 http://www.israeli-occupation.org/2010-11-27/mustafa-barghouthi-our-story-video/

 A trailer for Our Story, an important presentation by Mustafa Barghouthi,
 documenting Palestinian history, the Occupation, the dispossession and
 displacement of the Palestinian people by Israel from 1948 to the present
 day.

 ___




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[Marxism] Cujban CP official Oscar Martinex on new economic policy

2010-11-28 Thread Fred Feldman
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Cuba's Economic Reform: 
Interview with Oscar Martínez
by Yunus Carrim 
Oscar Martínez is Deputy Head of the International Relations Department of
the Cuban Communist Party.  This interview was conducted during the South
African Communist Party visit to Cuba this month.

What is the nature of the economic problems Cuba is currently experiencing?

In the context of our other problems, the US economic and financial blockade
is hurting our economy more now.  The blockade has been the main obstacle to
our social and economic development over 48 years.  With the collapse of the
Soviet Union and the socialist bloc, we lost our main trading partners.  It
was a severe blow from which we have not yet recovered.  The 2008 global
economic crisis also hit us hard.  The price of nickel, a major export
earner, has gone down.  And we have had huge losses with the hurricanes.
But also our productivity is too low.  We need greater efficiency and more
saving to ensure economic growth.  We are a small country with limited
resources.  We need better organize our production, improve discipline, and
update our economic model.  We are importing far too much, especially food,
and need to be more self-sufficient.  We need to focus far more on
agriculture.  Food production has now become an issue of national security.

Isn't the US blockade easing?

In practical terms, no.  The main aspects remain and overall the blockade
has even got worse.  Since 2009 there have been more prohibitions on
companies doing business with Cuba.  Yet 187 countries voted against the
blockade in the UN General Assembly.  Direct economic damages to Cuba since
the blockade began in 1962 until December 2009, according to conservative
estimates, surpass 154 billion US dollars.  If this was calculated according
to the present value of the US dollar, it would be about 239 billion
dollars.

But if you have economic problems how does it follow that you have to
retrench half a million state workers?  Especially since you're a socialist
state?

We are not retrenching.  That's a capitalist term.  We are not putting
people out in the street.  We are not going to leave them without social
assistance.  We are re-organising the workforce, not firing workers.  We are
directing them to other areas of work vital for the economy, mainly food
production.  We are making these changes as part of updating our economic
model in order to ensure that our socialist system is sustainable on the
basis of the rational and effective use of the workforce.  The first phase
will be concluded by the first quarter of 2011.  As part of the process, we
are giving people land, and helping them to make productive use of it.  A
significant section of this land is near the urban areas, where 80% of the
working population lives.  If this land is used to produce food, it will
also reduce the fuel and transport costs because it's near the urban areas.
We have too many bureaucrats and professionals, not enough artisans.  We
want to move people from just producing paper to areas of the economy in
which they can be productive and contribute to the economy.  We are trying
to find new areas of work for them.  As President Raul Castro says, 'We have
to remove once and for all the notion that Cuba is the only country in the
world where you can live without working'.  If they do not accept work that
the government directs them to, they can be self-employed.  We have opened
up 178 areas in which they can work.  Over 2 years, the state will have to
give up about a million workers.

Are you going to re-skill the workers?  And what areas are you opening up?

Yes, we are going to fully support the workers to get new skills and other
means to get started.  Our higher educational institutions are also going to
assist.  Banks will help with loans.  Our main priority, of course, is food
production, with the emphasis on substitution of imports, but we also want
to increase imports in certain areas.  The new areas being opened are in
tourism, trade and services, mainly.  We are to allow more people to be
self-employed as transport providers, bricklayers, stonemasons, plumbers,
electricians, panel-beaters, shoe-repairers, hairdressers, shoe-makers,
accountants and so on.  We are also to allow people to have restaurants with
up to 20 seats.  Labour must be got from the owners' families, but they can
also employ a limited number of people.

Will there be a minimum wage for those employed and any restriction on the
profits of the restaurant owners and others?

Yes, there will be a minimum wage.  These will be limited enterprises and
they won't be able to make huge profits.  We are introducing new
redistributive taxes.  In fact, new regulations related to this, including
the modification of the tax system, 

[Marxism] The Horrible Swiss

2010-11-28 Thread Angelus Novus
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And further proof, if any is needed, that naive calls for more direct 
democracy cannot be a demand of any real left.  Calls for direct democracy 
under capitalist conditions means just one thing: mob rule.


http://www.bbc.co.uk/news/world-europe-11857438?print=true

Swiss voters have accepted a referendum proposal for the automatic  expulsion 
of non-Swiss citizens for certain crimes, an exit poll  suggests.


  


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Re: [Marxism] The Horrible Swiss

2010-11-28 Thread Mark Lause
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No, you can have stupid decisions come out of any arrangement.

ML

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Re: [Marxism] The Horrible Swiss

2010-11-28 Thread Louis Proyect
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On 11/28/10 10:45 AM, Angelus Novus wrote:


 And further proof, if any is needed, that naive calls for more direct
 democracy cannot be a demand of any real left.  Calls for direct democracy
 under capitalist conditions means just one thing: mob rule.


 http://www.bbc.co.uk/news/world-europe-11857438?print=true

 Swiss voters have accepted a referendum proposal for the automatic  expulsion
 of non-Swiss citizens for certain crimes, an exit poll  suggests.

Not available from Netflix, but there are 6 used dvd's on amazon.com for 
6.99. A really great movie.

http://en.wikipedia.org/wiki/Bread_and_Chocolate

Bread and Chocolate (Italian: Pane e cioccolata) is a 1974 Italian 
comedy-drama film directed by Franco Brusati. This film chronicles the 
misadventures of an Italian immigrant to Switzerland and is 
representative of the commedia all'italiana film genre.

Like many southern Europeans of the period (1960s to early 1970s), Nino 
Garofalo (Nino Manfredi) is a migrant guest worker from Naples, 
working as a waiter in Switzerland. He loses his work permit when he is 
caught urinating in public, so he begins to lead a clandestine life in 
Switzerland. At first he is supported by Elena, a Greek woman. Then he 
befriends an Italian industrialist, relocated to Switzerland because of 
financial problems. The industrialist takes him under his wing, only to 
commit suicide when he squanders his last savings. Nino is constrained 
to find shelter with a group of clandestine Neapolitans living in a 
chicken coop, together with the same chickens they tend to in order to 
survive. Captivated by the idyllic vision of a group of young blonde, 
Swiss youths, he decides to dye his hair and pass himself off as a 
local. In a bar, when rooting for the Italian national football team 
during its transmission, he is found out after celebrating a goal scored 
by Fabio Capello. He is arrested and deported. He embarks on a train and 
finds himself in a cabin filled with returning Italian guest workers. 
Amid the songs of sun and sea, he is seen having second thoughts. He 
gets off at the first stop: better life as an illegal immigrant than a 
life of misery.




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[Marxism] A shockingly bad movie

2010-11-28 Thread Louis Proyect
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I am working my way through a bunch of screeners I get from the pr 
department of major Hollywood studios around this time of the year as a 
member of NYFCO. They are supposedly the cream of the crop that are put 
forward as award winners.

I have no idea how Inception got an 87 percent fresh rating on 
Rotten Tomatoes. There is more drama in the average Saturday morning 
cartoon show.


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Re: [Marxism] The Horrible Swiss

2010-11-28 Thread Joonas Laine
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S. Artesian wrote:
 All hail, then, the mob, the incarnation of progress  James Connolly.
 
 The referendum had nothing to do with calls for direct democracy, nor does 
 it represent mob rule.  This is a demonstration of the sentiment of the 
 shopkeeper's mentality.
 
 Your conclusion does not follow from the evidence you present.  I'm 
 sticking with Connolly.

Seconded!

I'm 100 % sure that all kind of stupid prejudice will exist in a
socialist world, and I don't see how overthrowing the current mode of
production will prevent the possibility of e.g. the death penalty being
re-introduced by means of a referendum, or abortion rights taken away
the same way, or other shit like that.

These are political struggles that have to be fought and won, and which
can be lost as well, like now in Switzerland. But if Ireland and Greece
had the Swiss system in place, some interesting struggles could be won..


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Re: [Marxism] Real issues in threats to N. Kore, [random thoughts on all this]

2010-11-28 Thread DW
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Fred, thanks for posting this. It seems the Militant squirms a bit here.
Since the 'first shot' was fired by the DPRK, as that country noted in it's
declaration, it's hard to argue the 'provocation' was a justifiable reason
to start shooting, knowing only what I do from the media. Did it have the
indended effect on the ROK? Unless the DPRK wanted a closer shot at starting
a war, then yes, it did.

Secondly, now the US, hitherto *abstaining* from these troop maneuvers, is
sending it a truncated air-craft carrier battle group to *back up* the ROK
forces. Seems the DPRK actions only had the intention of bringing direct US
intervention there on a higher level. I think this is a bad thing, not a
good thing.

Thirdly, the ROK forces are NOT commanded by the US. This is false. ROK
forces are independent within in the parameter of US-ROK relations, albeit
they always have US military observers as consultants.

My thoughts on this:

Interestingly, the pro-smash-DPRK Republicans want the US *out* of the ROK
for the moment. They want a military response by the S. Korean forces who
are at least several generations ahead of the North in military hardware and
technique (despite being outnumbered by them about 3 to 1 across the board).
Chuck Devore, the Orange County, CA Tea-Party Republican Assemblyman is
advocating this on his blog as are a few others. They see it essentially as
an Israel vs Egypt scenario, circa 1967. They see a US presence for the
moment as one of *hindering* the South in a response to the North.
Probably aimed at Obama believing, falsely, that Obama would take a softer
approach. DeVores view is my pledge when I was in the US Army  was to
defend the Constitution, not Seoul, South Korea.

The 'danger' to the South comes from an array of very upgraded SCUDs that
exist and are targeted at Seoul ( and other cities in the South). The
South's counter-response, or, likely pre-emptive response, as everyone
knows, is to take out these pre-targeted rockets and, the mostly obsolete N.
Korean Air force. In case people doubt the importance of Seoul, consider
that about half the population of the ROK lives in the Greater Seoul
Metropolitian Area. That's 24 million people.

The entire basis of current S. Korean politics toward the North that the
regime in the North is now on a slide toward disintegration. They have
various scenarios on how to deal with this including outright invasion to
hasten the process in a more 'controlled' manner. It is highly likely that
very secret negotiations take place between the Chinese and S. Koreans on
what is to be done should Korea be reunified on the basis of the ROC
political economy. The PRC doesn't want ROC troops on their border,
obviously. They probably want the economy, however, to help them in
investment capital in this, the old Rust Belt of China. The Russians are not
thrilled about it either (as it would bring them within about 60 miles from
their main Pacific port, Vladivostok). With the ROC comes the US Navy and
Airforce.

The S. Koreans have tentively figured and publicly discussed that it would
cost them up to 1 trillion USD to reunify and throughly integrate the north
with the south under their hegemony. After the clear economic failure of
German unification 20 years ago, they 'pulled back' from a more easy wishful
thinking on reunification with sections of the ROC ruling class having
second thoughts about 'reunification' altogether. But Korean 'national will'
on both sides of the border, unlike with the old FDR/GDR is for unification.
No one really speaks out against it.

And the DPRK got nukes, albeit its likely they are not 'weaponized' (made
compact and light enough to deliver to the enemy).

Altogether a f*cked up situation.

David

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[Marxism] A shockingly bad movie

2010-11-28 Thread DW
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I suspect it got 87% because everyone who went to see it, including the
critics, like it so much. I did not go see it because I hate 'dream movies'
(same with time loop movies, can't stand 'em) although I see almost all
science-fiction films out there (the B movie was essentially applied to
1950s sci-fi movies playing second billing at the local one-show movie
house).

A REALLY BAD movie is Skyline. It was SO bad, that I actually walked out
about 3/4 of the way through. I almost never do that. A movie like this is
bad from it's own perceptive. It fails to deliver on and expected promise
(Aliens invade LA, kill  eat everyone, The End). B movies *can* work if it
doesn't pretend to be something they are not, like 'profound' 'insightful'
'creative' etc. Skyline fails at every level (not to mention shitty actors
who are mostly castoffs from B TV shows in this case).

A worthwhile B movie is sort of like Faster with The Rock in the starting
role. He utters, maybe, 10 full sentences from start to finish, uses a .357
magnum revolver and *that is what you expect* so it works from the first
second to the last. Plus an interesting plot twist thrown in. I always go to
first showings so I can pay half prices and never feel really ripped off.

An A movie that is a failed B movie is 3 Days with quite a good
professional acting line-up starting with Russel Crowe who, finally, has his
American accent down to where it's not a distraction. It was also filmed in
Pittsburgh, PA. Any movie shot on location always a good sign (except, of
course, if it's shot in L.A. the entire city of which LOOKS like a studio
backlot). Unfortunately this 'break innocent person out of prison' film
fails, is very long winded and loses sight of itself about the angst of
having an innocent spouse/friend/buddy incarcerated for a crime they didn't
commit. I say skip it.

David

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Re: [Marxism] Cujban CP official Oscar Martinex on new economic policy

2010-11-28 Thread Manuel Barrera
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Oscar Martínez said:... But also our productivity is too low. We need greater 
efficiency and more saving to ensure economic growth. We are a small country 
with limited resources. We need better organize our production, improve 
discipline, and update our economic model. We are importing far too much, 
especially food, and need to be more self-sufficient. We need to focus far more 
on agriculture. Food production has now become an issue of national security.



Yes, isn't that whole socialism [or even close to socialism] in one country 
thing a bear (sic)? 
I used to believe that being a great example of what could be done was a 
great point of departure in showing people interested in socialism that at 
least there was one country where capitalism had been overturned And there were 
revolutionary internationalists at the helm who could and should be emulated.

I believe that still to be true. However, I believe the epoch in which such 
exemplars are a sufficient guide to action is (or at least in process of) 
passing. At some point, swimming in a sea of mud just to survive is simply an 
exercise for the dying. Cuban leaders and their pretenders in Venezuela and 
Bolivia, while not complacent, seem stuck in their perceived roles as example 
to others. However, the Cuban people are a truly conscious (in their majority 
at least) people with great intellectual, programmatic, and organizational 
wealth in the 50+ years of struggle against insurmountable odds. Is providing 
doctors, teachers, even soldiers to countries in need really the best way to 
defend the revolution? The metaphors have to change; no more swimming in mud. 
To find ways for a socialist state to survive economically using the language 
and tactics more akin to radical trade unionists fighting for better conditions 
within a capitalist system illustrates the futility of trying to hang on (as 
if the laws of the class struggle are somehow immune and not simply exacerbated 
within a worker's state). 
What the world needs is a nation of organizers--proletarian internationalist 
activists, international party builders--not excellent stewards of dismal 
resources in one island in the sun. The Cuban example is powerful not in its 
defeat of capital within its borders, but in its potential capacity to 
galvanize the world working class. To think otherwise is selling the Cuban 
revolution short at best and confining itself into a stalinist bureaucratic 
quagmire of isolationism at worst. 


Being a person of color, I have spent a lifetime learning and then simply 
knowing that I would have to do better than my privileged counterparts just 
even to be acknowledged. I turned that reality into an understanding that it 
would Never matter what I could individually accomplish as doing so would never 
bring me anything but grudging tolerance and ultimate rejection regardless. I 
say this simply to point out that no matter how sterling our efforts or those 
of our comrades (e.g., in Cuba), such great examples will Never suffice because 
the kernel of our strivings is a society corrupt in its evolution no matter how 
material the history from which it spawned. There really is only one outcome 
that will bring any of us peace; and it is not finding and simply defending our 
own little piece of heaven. 


The materialist dialectic indicates that out of the contradictions of class 
exploitation will come the conditions for proletarian usurpation of the world 
of privilege and inhumanity. But that usurpation is Never inevitable as history 
has shown; at least not without the ultimately dialectical intervention of 
revolutionary leadership. That leadership, to be sure, will be born of that 
same proletariat who began as a class tied to survival with the meager means it 
was/is provided by the liars, cheats, and hoarders of the world wealth but that 
will finally become the liberators of the world from the scourge of privilege 
with want. For such a leadership to emerge, we must go beyond examples to 
action; from fending for oneself in a revolutionary fashion to driving the 
example forward and fomenting it not with zealous emulation but with helping 
to empower, galvanize, and organize the rest of us in every corner of this 
globe.  

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Re: [Marxism] A shockingly bad movie

2010-11-28 Thread Louis Proyect
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On 11/28/10 12:46 PM, DW wrote:
 I suspect it got 87% because everyone who went to see it, including the
 critics, like it so much.

Isn't this a tautology?


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Re: [Marxism] A shockingly bad movie

2010-11-28 Thread Ernestleif
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I actually paid for that schlock. We walked out after the first hour. 


I now actually question the sanity of anyone who tells me they enjoyed it.

Sent from my iPhone
 
 

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[Marxism] Film studies philosophy babble

2010-11-28 Thread Louis Proyect
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Comrades might remember my blog post about dropping a documentary class 
at Columbia.

http://louisproyect.wordpress.com/2010/10/22/dropping-a-film-class-at-columbia-university/

Basically I expected some kind of survey class about the development of 
the genre but was instead force-fed the professor's critical theory 
approach which revolved around the question whether such films convey 
reality or not. Her approach was a mixture of Derrida and Social Text 
post-Marxism, very much not to my taste.

It turns out that the film department at Columbia is fairly ripe with 
this stuff, based on an article in today's NYT magazine:

November 26, 2010
The Professor of Micropopularity
By CARLO ROTELLA

ON A MONDAY evening in September, James Schamus and a dozen students in 
his graduate seminar in film theory at Columbia University were 
discussing the dialogues of Plato. Each participant who spoke called on 
the next speaker, and Schamus gave the group plenty of leeway to tussle 
with the text, but every once in a while he raised his hand and 
intervened to guide the conversation. The course was called Seeing 
Narrative, and the discussion centered on Plato’s skepticism about the 
ability of any visible thing to represent ideal truth — a skepticism 
that, say, a bunch of beautiful images strung together in a movie could 
communicate the perfect, invisible idea of Beauty.

Schamus, in bow tie and jacket, his mobile face alight with intentness, 
said: “In Plato, the philosopher’s job is to love knowledge, logos, but 
it’s always corporealized, and the body fools your senses, your 
perceptions. The soul is invisible and doesn’t change, and it wants to 
connect to other such invisible, unchanging things” — including Truth 
and Beauty in their ideal forms — “but it’s trapped in a body that’s 
always taking it to visible things that are never the same.”

full: http://www.nytimes.com/2010/11/28/magazine/28Schamus-t.html



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[Marxism] an asshole economist chimes in on how to get the economy going

2010-11-28 Thread MICHAEL YATES
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In today's New York Times there is an article discussing the suggestions of 
various thinkers on what might
sustain a growing economy in the future. (David Segal, Some Very Creative 
Economic Fix-Its)  Here is what one New York University economist had to say:
_
Perhaps we are entering the era of the self-starter. Prof. Andrew aplin of New 
York University thinks so. He begins with the premise that in the coming global 
economy some people will succeed and others will not, and income inequality 
will grow. While it’s noble to focus on how to spread wealth around, he says 
that it might be wiser to think of ways the poor and middle class could cater 
to the economy’s biggest winners.

“Unfortunately, there will be income inequality,” he says, “but enough people 
will make money that those who don’t would do well, in as much as they 
understand the needs of that group.”

He says he expects a rise in what he call “artisanal services,” like cooks, 
nutritionists, small-scale farmers. He sees services emerging that aid the 
wealthy at the intersection of health and genetic science. He imagines a rise 
in technology services, too — experts who keep clients current about technology 
which can advance their interests in business, in the media, on search engines 
and so on.

Professor Caplin worries that this concept might be caricatured as “cater to 
the rich.” But he suggested that this country could use a lot more 
non-judgmental thinking about the future of the United States economy. Any 
argument on that subject that starts with the word “should,” he said, is not 
nearly as useful as one that starts with “could” and has a firm grasp on “is.”

“If you start with ‘should’ you get arguments where nobody makes any sense and 
where you can claim that some people are good and other people are bad,” he 
said, referring to recent skirmishes over Fed policy, deficits and other 
contentious topics. “With that sleight of hand you’ve ensured that you will not 
discuss anything of substance. You’ve just lined up two camps to fire at one 
another.” 
__
 
Is it time to take all neoclassical economists into the woods and shoot them?



  

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Re: [Marxism] an asshole economist chimes in on how to get the economy going

2010-11-28 Thread Louis Proyect
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On 11/28/10 2:05 PM, MICHAEL YATES wrote:
 Is it time to take all neoclassical economists into the woods and shoot them?



They should be hung by their feet from the limbs of a tree and beaten 
with sticks until snot comes pouring out of their nose. That's what 
angry peasants did to Mussolini at the end of WWII.


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[Marxism] The Last Train Home

2010-11-28 Thread Louis Proyect
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This is the time of year when I am inundated with screeners from the 
public relations department of both major and minor production companies 
that are meant to help members of New York Film Critics Online select 
winners in various categories at our annual meeting in December.

Unlike most critics, I am far more interested in “minor” than “major” 
when it comes to films. As a reminder of why this is the case, I 
finished watching “Inception” this morning, an onerous task. It simply 
amazes me that this piece of garbage received 85 percent “fresh” ratings 
on Rotten Tomatoes. But then again, this is a country that elects George 
W. Bush and Barack Obama president.

My approach will be to report on the films in the order that they 
presumably interest my readers and me. Those who are regular readers 
will not be surprised that documentaries go to the head of the pack. 
Today I will be writing about “Last Train Home”, a movie about migrant 
workers in China and will get to “Waste Land”, “William Kunstler: 
Disturbing the Universe”, and “A Film Unfinished” (about a Nazi film 
made in a concentration camp) later this week. Those are my kinds of 
movies, not the twerp Leonard DiCaprio bouncing off the walls in a CGI 
orchestrated dream.

“Last Train Home” is the latest movie that departs from the 
globalization-is -wonderful ideology of Thomas Friedman, Jagdish 
Bhagwati, and other prophets of neoliberalism. Some are fictional, such 
as “Blind Shaft”, a movie about miners forced to work in virtual 
slavery. Others are documentaries like “Still Life” that depict the loss 
of livelihood and ties to the land that the Three Gorges Dam posed.

Directed by a Canadian Lixin Fan, whose last film “Up the Yangtze” 
explored the same issues as “Still Life”, “Last Train Home” focuses on a 
single family whose life has been torn apart by China’s rapid 
industrialization.

Changhua Zhan and his wife Suqin Chen both work on sewing machines in a 
typical export-oriented factory in the Guangdong province. Each New 
Year’s holiday, they take a train back to their rural village to see 
their teenaged daughter Qin Zhang and her younger brother Yang Zhang. 
This is not as easy as it seems since there are far more people trying 
to get a ticket than are available. The train station is a sea of 
humanity with cops and soldiers trying to keep order. Although the film 
does not comment on why this is the case (it sticks to a cinéma vérité 
format), it strikes this reviewer as the likely outcome of a society 
that no longer places much emphasis on public transportation as it once 
did. (There are signs that this is beginning to change recently, but one 
doubts that it will have any impact on the poorer migrant workers for a 
while.)

full: http://louisproyect.wordpress.com/2010/11/28/last-train-home/


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Re: [Marxism] an asshole economist chimes in on how to get the economy going

2010-11-28 Thread S. Artesian
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It was already time to do that in 1973, when the Chicago Boys turned Chile 
into their personal laboratory for evisceration of any and all forms of 
social progress.

- Original Message - 
 On 11/28/10 2:05 PM, MICHAEL YATES wrote:
 Is it time to take all neoclassical economists into the woods and shoot 
 them?



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[Marxism] PhD Student Position in Marxist Communication Studies

2010-11-28 Thread Christian Fuchs
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Uppsala University hereby declares the following position to be open for 
application:
PhD position in Media and Communication Studies
at the Department of Informatics and Media as of January 1st, 2011.

The candidate is supposed to participate in the department’s ongoing 
research in the field of web 2.0/social media/social networking sites  
economic online surveillance/Internet prosumer labour. Therefore 
applicants with a solid background in the combination of the following 
areas are solicited to apply: critical media and communication studies, 
Critical Theory, critical political economy, critical political economy 
of media, ICTs and communication; Internet studies, surveillance and 
privacy studies, critical advertising and consumer culture studies.

Qualifications: master’s degree (candidates with any suited disciplinary 
and interdisciplinary background are welcome to apply), excellent 
command of written and spoken English.

The application should include
a) an application form including a copy of a degree certificate that 
proves the applicant’s eligibility for studies at the research level in 
Media and Communication Studies;
b) a CV;
c) a copy of the master's thesis (additional works related to the 
advertised position’s topic may also be included);
d) an outline of experience in and motivation for conducting research in 
the advertised research field (minimum: 1000 words)
Education at the research level has a duration of five years, of which 
the first year is financed with a scholarship (utbildningsbidrag) and 
the four following years with employment as PhD candidate. PhD 
candidates are expected to conduct their education at the research level 
by working full time and by participating actively in the activities of 
the department. Obligatory administrative and teaching duties at the 
department may not exceed 20 % of full-time.

The application form and instructions in English are available from:
http://www.uppdok.uadm.uu.se/blanketter/BLfoant.pdf
http://www.uppdok.uadm.uu.se/blanketter/BLfo-enginstr.pdf

More information about PhD studies at Uppsala University and at the 
Faculty of Social Sciences are available at:
http://www.uu.se/en/node76
http://www.doktorandhandboken.nu (click on the link “English”)
http://info.uu.se/uadm/dokument.nsf
http://regler.uu.se/
Uppsala University cannot cover travel and accommodation costs for 
short-listed candidates, who are invited for a job interview.
Uppsala University is striving to promote equality and gender balance. 
The majority of employees are men, therefore women are encouraged to 
apply for positions.
Information about the employment, Professor for Media and Communication 
Studies: Christian Fuchs (christian.fu...@im.uu.se): +46 18 471 1019; 
Head of the Department and Professor Mats Edenius:  +46 18 471 11 76.  
Representatives from the Union are: Anders Grundström, Saco-rådet, tel. 
+46 18-471 53 80, Carin Söderhäll, TCO/ST tel. +46 18-471 19 96 och 
Stefan Djurström, Seko, tel. +46 18-471 33 15.
The application should be sent, not later than December 3, 2010, 
preferably by e-mail to registra...@uu.se, or by fax +46-184712000, or 
by mail to Registrar’s Office, Uppsala University, Box 256, SE-751 05 
UPPSALA, Sweden. In any correspondence, please use the reference number 
UFV-PA 2010/2775.

-- 
Prof. Christian Fuchs
Chair in Media and Communication Studies
Institutionen för informatik och media /
Department of Informatics and Media Studies
Uppsala University
Kyrkogårdsgatan 10
Box 513
751 20 Uppsala
Sweden
christian.fu...@im.uu.se
Tel +46 (0) 18 471 1019
http://fuchs.uti.at
http://www.im.uu.se
NetPolitics Blog: http://fuchs.uti.at/blog
Editor of: tripleC - Cognition, Communication, Co-Operation | Open 
Access Journal for a Global Sustainable Information Society: 
http://www.triple-c.at



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[Marxism] 2 Pieces About RAC-LA's 3rd Anniversary

2010-11-28 Thread John A Imani
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Revolutionary Autonomous Communities Sup- Original Message - 
From: rac-la_support...@yahoogroups.com To: rac-la_support...@yahoogroups.com 
Sent: Sunday, November 28, 2010 2:41 AM
Subject: [RAC-LA_supporters] Digest Number 139


Messages In This Digest (2 Messages) 
  1. LA Activist.com:Article about RAC LA 3 year anniversary From: Tierra Y 
Libertad 
  2. R.A.C. LA on KPFK From: Tierra Y Libertad 
Messages 
  1. LA Activist.com:Article about RAC LA 3 year anniversary 
  Posted by: Tierra Y Libertad fightbac...@yahoo.com   fightbackla 
  Sat Nov 27, 2010 7:43 pm (PST) 


  
http://www.laactivist.com/2010/11/20/westlake-community-group-celebrates-anniversary-gives-aid-in-macarthur-park/


  Back to top Reply to sender | Reply to group | Reply via web post 
  Messages in this topic (1) 
  2. R.A.C. LA on KPFK 
  Posted by: Tierra Y Libertad fightbac...@yahoo.com   fightbackla 
  Sun Nov 28, 2010 2:20 am (PST) 

  The interview from last week aired this past thursday, Its in Spanish and can 
be 
  access through the archive. air date below

  La entrevista de la semana pasada se toco este jueves pasado. Se puede oir el 
  programa atraves del archivo. El programa de la fecha abajo

  M

  http://archive.kpfk.org/parchive/index.php?shokey=infopac
  Thursday, November 25, 2010 9:00 pm

  Informativo Pacifica 
  EDICION ESPECIAL-DIA DE ACCION DE GRACIAS COMO LA RECUERDAN LOS PUEBLOS 
  INDIGENAS. REPORTAJE ESPECIAL POBREZA Y SOLIDARIDAD EN LOS ANGELES.

  Listen to the podcast 


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Re: [Marxism] Swans Release: November 29, 2010

2010-11-28 Thread Greg McDonald
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The first two films based on Stieg Larsson's novels are available on
Netflix and are well worth the trouble to watch, but make sure you
watch them in chronological order. The Girl with The Dragon Tattoo
should be viewed first. Lisbeth Salander is my hero. The trailers can
be viewed here:

http://marywhipplereviews.com/books/?p=10755

Greg


On Sun, Nov 28, 2010 at 7:27 PM, Louis Proyect l...@panix.com wrote:

 The culture corner is bursting with creativity, from film noir
 enthusiast Jonah Raskin's anticipation of the upcoming movie The Girl
 With the Dragon Tattoo; Peter Byrne's examination of the unstable
 afterlife and metamorphosis of artist Paul Gauguin; Fabio De Propris's
 look at the world-wide embrace of American pop culture, which lives on
 even while the country's clout diminishes at home and abroad; and le
 coin français, with offerings from Marie Rennard, Christian Cottard,
 Simone Alié-Daram, and Alfred Jarry. We conclude with the poetry of
 Guido Monte and Maxwell Clark, and as always, your letters.


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Re: [Marxism] Swans Release: November 29, 2010

2010-11-28 Thread Louis Proyect
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On 11/28/10 9:36 PM, Greg McDonald wrote:

 The first two films based on Stieg Larsson's novels are available on
 Netflix and are well worth the trouble to watch, but make sure you
 watch them in chronological order. The Girl with The Dragon Tattoo
 should be viewed first. Lisbeth Salander is my hero. The trailers can
 be viewed here:

 http://marywhipplereviews.com/books/?p=10755



Yes, I saw this the other day as an award screener and recommend it 
highly. I have resisted the Stieg Larsson hoopla since it reminds me too 
much of the Harry Potter deal but the movie really is quite good and 
even makes me want to read the novel.


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[Marxism] FBI creates, thwarts terrorist plot around allegedly angry teenager

2010-11-28 Thread Fred Feldman
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SUNDAY, NOV 28, 2010 06:29 ET 
GLENN GREENWALD 
The FBI successfully thwarts its own Terrorist plot
By Glenn Greenwald 


(updated below) 
The FBI is obviously quite pleased with itself over its arrest of a
19-year-old Somali-American, Mohamed Osman Mohamud, who -- with months of
encouragement, support and money from the FBI's own undercover agents --
allegedly attempted to detonate a bomb at a crowded Christmas event in
Portland, Oregon.  Media accounts are almost uniformly trumpeting this event
exactly as the FBI describes it.  Loyalists of both parties are doing the
same, with Democratic Party commentators proclaiming that this proves how
great and effective Democrats are at stopping The Evil Terrorists, while
right-wing polemicists point to this arrest as yet more proof that those
menacing Muslims sure are violent and dangerous.

What's missing from all of these celebrations is an iota of questioning or
skepticism.  All of the information about this episode -- all of it -- comes
exclusively from an FBI affidavit filed in connection with a Criminal
Complaint against Mohamud.  As shocking and upsetting as this may be to
some, FBI claims are sometimes one-sided, unreliable and even untrue,
especially when such claims -- as here -- are uncorroborated and unexamined.


That's why we have what we call trials before assuming guilt or even
before believing that we know what happened:  because the government doesn't
always tell the complete truth, because they often skew reality, because
things often look much different once the accused is permitted to present
his own facts and subject the government's claims to scrutiny.  The FBI
affidavit -- as well as whatever its agents are whispering into the ears of
reporters -- contains only those facts the FBI chose to include, but omits
the ones it chose to exclude.  And even the facts that are included are
merely assertions at this point and thus may not be facts at all.

It may very well be that the FBI successfully and within legal limits
arrested a dangerous criminal intent on carrying out a serious Terrorist
plot that would have killed many innocent people, in which case they deserve
praise.  Court-approved surveillance and use of undercover agents to
infiltrate terrorist plots are legitimate tactics when used in accordance
with the law.

But it may also just as easily be the case that the FBI -- as they've done
many times in the past -- found some very young, impressionable,
disaffected, hapless, aimless, inept loner; created a plot it then
persuaded/manipulated/entrapped him to join, essentially turning him into a
Terrorist; and then patted itself on the back once it arrested him for
having thwarted a Terrorist plot which, from start to finish, was entirely
the FBI's own concoction.  Having stopped a plot which it itself
manufactured, the FBI then publicly touts -- and an uncritical media
amplifies -- its success to the world, thus proving both that domestic
Terrorism from Muslims is a serious threat and the Government's vast 
surveillance powers -- current and future new ones -- are necessary.

There are numerous claims here that merit further scrutiny and questioning. 
First, the FBI was monitoring the email communications of this American
citizen on U.S. soil for months (at least) with what appears to be the
flimsiest basis: namely, that he was in email communication with someone in
Northwest Pakistan, an area known to harbor terrorists (para. 5 of the FBI
Affidavit).  Is that enough to obtain court approval to eavesdrop on
someone's calls and emails?  I'm glad the FBI is only eavesdropping with
court approval, if that's true, but certainly more should be required for
judicial authorization than that.  Communicating with someone in Northwest
Pakistan is hardly reasonable grounds for suspicion.

Second, in order not to be found to have entrapped someone into committing a
crime, law enforcement agents want to be able to prove that, in the 1992
words of the Supreme Court, the accused was was independently predisposed
to commit the crime for which he was arrested.  To prove that, undercover
agents are often careful to stress that the accused has multiple choices,
and they then induce him into choosing with his own volition to commit the
crime.  In this case, that was achieved by the undercover FBI agent's
allegedly advising Mohamud that there were at least five ways he could serve
the cause of Islam (including by praying, studying engineering, raising
funds to send overseas, or becoming operational), and Mohamud replied he
wanted to be operational by using exploding a bomb (para. 35-37).

But strangely, while all other conversations with Mohamud which the FBI
summarizes were (according to the affidavit) recorded by numerous recording
devices, this 

[Marxism] Re FBI creates, thwarts terrorist plot around allegedly angry teenager

2010-11-28 Thread Ralph Johansen
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This was sent to me by Mike Munk of Portland

A Portlander who spoke with members of the local Somalian community 
about the kid reports here:

http://agonist.org/mmeo/20101127/the_portland_bomber which also links to 
the FBI docs.


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[Marxism] What's new at Links: Cancun climate talks, Ireland, Thailand, Ban the burqa?, China, oil, Hilferding's Finanz Kapital

2010-11-28 Thread glparramatta
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What's new at Links: Cancun climate talks, Ireland, Thailand, Ban the 
burqa?, China, oil, Hilferding's Finanz Kapital

* * *
*For more reliable delivery of new content, please subscribe free to 
Links International Journal of Socialist Renewal at 
http://www.feedblitz.com/f/?Sub=343373
*
You can also follow Links on Twitter at 
http://twitter.com/LinksSocialism or on Facebook at 
http://www.facebook.com/group.php?gid=10865397643

Visit and bookmark http://links.org.au and add it to your RSS feed 
(http://links.org.au/rss.xml). If you would like us to
consider an article, please send it to li...@dsp.org.au

*Please pass on to anybody you think will be interested in Links.

* * *


Battlelines drawn for Cancun climate summit: `Nature has no price!'
http://links.org.au/node/2011

By *Simon Butler*
November 22, 2010 --  If at first you don't succeed, redefine success. 
This phrase has become the unofficial motto of this year's United 
Nations climate conference in Cancun, Mexico. Just out from Cancun, 
which runs over November 29 to December 10, there is little hope of 
meaningful progress. Yet key players have sought to throw a shroud of 
official optimism over the looming failure.

* Read more http://links.org.au/node/2011


Ireland: Fianna Fail/Greens cave in to EU/IMF on `bailout'; Left
vows to fight austerity http://links.org.au/node/2009

November 23, 2010 -*- *The public finances of the 26-county state 
[Ireland] will, for the next three years at least, be subject to 
regular reviews by external monitors working on behalf of the 
International Monetary Fund (IMF), the European Union (EU) and the 
British and Swedish governments.

* Read more http://links.org.au/node/2009


Cancun climate summit should not be `Copenhagen Accord Part II',
says Bolivia http://links.org.au/node/2015

Statement by the *Plurinational State of Bolivia*
November 27, 2010 -- At the next meeting of the Conference of Parties to 
the United Nations Framework Convention on Climate Change (COP 16), 
which begins November 29 in Cancun, Mexico, the 192 member states must 
agree on a second commitment period of the Kyoto Protocol.

* Read more http://links.org.au/node/2015


Why calls for a ban on the wearing of the burqa help the racists
http://links.org.au/node/2013

By *Pip Hinman
*

I do not support women being forced to wear the burqa. I see it as one 
manifestation of the myriad of ways women are oppressed in this 
patriarchal society. Having said that, I want to make it clear that I do 
not support a ban on the wearing of a burqa. Banning the wearing of a 
burqa would simply mean that the person who wears it -- voluntarily or 
otherwise -- is criminalised. It would not, as some female supporters of 
the ban argue, help women extricate themselves from patriarchal control 
over their lives.

* Read more http://links.org.au/node/2013


Australia: A community says no to racist burqa bans
http://links.org.au/node/2012

By *Peter Boyle*, Sydney
November 26, 2010 -- All around the Western world, far-right groups 
(some with neo-Nazi orgins and links) are gaining political ground 
through an orchestrated campaign against Muslim communities. By 
spreading fear and hatred against recent immigrant communities from 
Muslim countries these groups have tapped into well-resourced post-9/11 
war propaganda campaigns initiated by rulers of the world's richest and 
most powerful states.

* Read more http://links.org.au/node/2012


Thailand: Six months on, emboldened Red Shirts raise new slogans;
Interview with Sombat Boonngamanong http://links.org.au/node/2014

By *Lee Yu Kyung*, Bangkok
November 26, 2010 -- Sombat Boonngamanong (42) is a man with a sunny 
smile, wearing a red shirt. After the April-May crackdown on the 
pro-democracy Red Shirts at Ratchprasong in central Bangkok, which 
killed more than 90 -- mostly civilians -- the Red Shirts briefly 
disappeared from the public eye while developing their outrage further 
but silently. It didn't take long for the Red Shirts to renew their 
campaign in public, to which Sombat has contributed significantly by 
encouraging that their silent anger be expressed in fun and festive 
street performances.

* Read more http://links.org.au/node/2014


The left cannot ignore China's achievements, but neither can it be
too celebratory http://links.org.au/node/2010

By*Michael Karadjis*

November 24, 2010 -- I strongly agree with Reihana Mohideen (The left 
cannot ignore China's achievement in poverty reduction 
http://links.org.au/node/1941http://links.org.au/node/1941), that 
the left cannot simply ignore China's impressive achievements in poverty 
reduction and other related social development. I also agree very 

Re: [Marxism-Thaxis] Did Vladimir Lenin Predict The Banking Disaster Of 2008?

2010-11-28 Thread Waistline2
In a message dated 11/28/2010 2:27:18 A.M. Eastern Standard Time, 
_jann...@gmail.com_ (mailto:jann...@gmail.com)  writes: 
 
 What you haven't done is make any coherent argument that would  convince 
me that the substance has changed that much during the past 130 years.  Of 
course there are those who have made the quantitative argument but you 
didn't  do that either here. 
 
CJ 
 
Reply 
 
Substance of what? Finance capital remains fianance capital but it is not 
 the financial industrial capital of the time of Lenin. 
 
Here's something from 2002. 
 
WL. 
 

The dangers of derivatives By Henry C K Liu 
 
Recession in advanced economies, induced by the oil shock of 1973, pushed  
transnational banks to find borrowers in developing economies to accommodate 
 petro-dollar recycling. That marked the beginning of finance globalization 
 which, among other trends, replaced foreign aid with foreign loans to  
developing  countries. In the beginning, the petro-dollar recycling was  merely 
to compensate  the developing nations for the sudden rise in oil  prices. 
 
Later, the surplus oil money not absorbed by Western markets was pushed on  
beguiled Third World governments as petro-dollar loans for development,  
leading  the developing world into a bottomless abyss of foreign debt. Not  
only was the  anticipated growth in the developing world not realized by  
foreign-debt-driven  exports, debt repayment became increasingly punitive  on 
the domestic economies  as lender nations adopted anti-inflationary  measures 
by the end of the 1970s. 
 
Negotiations between borrowing countries and major international bank  
creditors were intermediated by International Monetary Fund (IMF) endorsement 
of 
 structural adjustment (austerity) programs in borrowing countries that  
spelled  reduced government social spending, currency devaluation and  export 
promotion  policies that distorted and reversed domestic  development. 
Domestic austerity  became the ticket to new foreign loans for  servicing old 
foreign loans, and the  servicing of the new loans in turn  required more 
domestic austerity, driving  Third World economies toward a  downward spiral of 
accelerating contraction and  deeper foreign  indebtedness. But the 
oppressive pressure from the IMF in the  1980s was  not anywhere near as severe 
as 
that after the financial crises of the   1990s. 
 
The financial crises faced by newly industrialized economies (NIEs) in the  
1990s were significantly different from the foreign debt crises in the  
developing countries in the previous decade. Different forms of foreign funds  
flowed to different recipients in developing countries during the two  
periods.  More importantly, derivatives emerged as an integral part of  funds 
flow in the  1990s. 
 
Derivatives played an unprecedented key role in the Asian financial crisis  
of 1997, alongside the growth of fund flows to Asian NIEs, as part of  
financial  globalization in unregulated global foreign exchange, capital  and 
debt markets.  Derivatives facilitate the growth in private fund flows  by 
unbundling the risks  associated with financial vehicles, such as bank  loans, 
stocks, bonds and direct  physical investment, and reallocating the  risks 
more efficiently by expanding  the distribution and the level of  aggregate 
risk. They also facilitate efforts  by many financial entities to  raise 
their risk-to-capital ratios to dodge  regulatory safeguards,  manipulate 
accounting rules and evade taxation. Foreign  exchange forwards  and swaps are 
used to hedge against floating exchange rates as  well as to  speculate on 
fixed exchange rate vulnerability, while total return  swaps  (TRS) are used to 
capture carry trade profit from interest rate   differential between 
pegged currencies. 
 
Structured notes, also known as hybrid instruments, which are the  
combination of a credit market instrument, such as a bond or note, with a  
derivative such as an option or futures-like contract, are used to circumvent  
accounting rules and prudential regulations in order to offer investors higher, 
 
though riskier, returns. Viewed at the macroeconomic level, derivatives first 
 make the economy more susceptible to financial crisis and then quicken and 
 deepen the downturn once the crisis begins. Since investors can only be  
seduced  to higher risk by raising the return on higher risk, the quest for  
high return  raises the aggregate risk in the financial system. But  
investors always demand a  profit above their risk exposure which will  leave 
some 
residual risk unfunded in  the financial system. It is in fact a  
socialization of unfunded risk with a  privatization of the incremental  
commensurate 
returns. 
 

(_http://www.atimes.com/global-econ/DE23Dj01.html_ 
(http://www.atimes.com/global-econ/DE23Dj01.html) )
 
 

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Re: [Marxism-Thaxis] Marx on the proletariat as ruling class

2010-11-28 Thread Peggy Dobbins


Peggy Powell Dobbins 
Sociology as an Art Form
www.peggydobbins.net


I don't really try to contribute to speculation about how the state withers 
into communist society with the disappearance of class antagonisms.  I would 
never conflate the state with the people. I guess you are referring to the 
cpussr's line late in their bloom, not implying I confuse them.  You will enjoy 
Mr I-phone's program: i had  to back tap because it changed to voided when I 
tapped cpussr, and now for cpussr gives no replacement found in a, yes, 
pink balloon.

I had more to say in reply to waistline, but art divinely intervenes: hold, 
enough as wasn't it someone's ghost who said?
P

Nov 27, 2010, at 1:07 PM, waistli...@aol.com wrote:
 
 The question then arises: What transformation will the state undergo  in 
 communist society? In other words, what social functions will remain in  
 existence there that are analogous to present state functions? This question 
 can 
 only be answered scientifically, and one does not get a flea-hop nearer to 
 the  problem by a thousand-fold combination of the word 'people' with the  
 word  'state'.

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Re: [Marxism-Thaxis] Did Vladimir Lenin Predict The Banking Disaster Of 2008

2010-11-28 Thread CeJ

 Substance of what? Finance capital remains fianance capital but it is not
  the financial industrial capital of the time of Lenin.

 Here's something from 2002.

 WL.

Do you even read your own posts? You are the one who used the word
'substance'. I merely echoed it in my reply.

Again what you haven't done is shown how capital has pushed into a new
ontological category. Warren Buffett warned about the dangers of the
newer derivatives, and then bet billions on them because he didn't
want to get left out of the drive for 20% plus profits.

The whole notion of derivative is not new at all.

CJ



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