====================================================================== Rule #1: YOU MUST clip all extraneous text when replying to a message. ======================================================================
I recall it from Lenin's pamphlets. I remember having that phrase rattling around my mind in the early 80s when confronted by the sudden contrast of the opulence of Fort Lauderdale when driving in to there from the sugar cane fields and farm labor camps fields of the interior around Lake Okechobee. The phrase refers to the high level of profits extracted from colonial peoples under conditions of neo-slavery that was and is the material basis not only of the labor aristocracy and labor opportunism, but the lifestyle of the comfortable petty bourgoisie whose lifestyle is fattened by "coupon clipping" (as Lenin put it) and stock market payoffs that are subsidized indirectly, but inexorably, by that. A non-ideological take on how this operated during that era is provided by Adam Hochschild's book King Leopold's Ghost about the Congo. That things haven't changed that much was shown today by an article about oil leaks in the Niger Delta that exceeded the Deepwater Horizon fiasco long ago, an egregious example of environmental racism and its concomitant media neglect. http://www.nytimes.com/2010/06/17/world/africa/17nigeria.html?hpw On Thu, Jun 17, 2010 at 3:04 PM, Shane Hopkinson <chen9692...@yahoo.com>wrote: > > So this got me thinking about it. Where does this term come from in the > Marxist vocabulary? Is it from Lenin's 'Imperialism' or is it just a term > we use more loosely to mean 'excess' profits rather than being part of the > technical vocabulary. > > ___________________________________ > ________________________________________________ Send list submissions to: Marxism@lists.econ.utah.edu Set your options at: http://lists.econ.utah.edu/mailman/options/marxism/archive%40mail-archive.com
