On Mon, 5 May 1997, James Devine wrote:
the point is that the US economy has changed and is changing,
seemingly at an accelerated pace (whereas you had something like that the
role of exports was stable).
My pocket almanac figures tell a different story (sorry, they don't have
GDP
The X/GDP data are underestimated over time because an increasing fraction
of output is counted, especially work formerly done by women in the home.
June Zaccone, National Jobs for All Coalition
BLS DAILY REPORT, MONDAY, MAY 5, 1997
__The unemployment rate fell to 4.9 percent in April, its lowest level
since 1973, BLS reports. Although BLS' survey of 50,000 households
showed that the unemployment rate declined 0.3 percentage point in
April, the economy created a modest 142,000 new
Laurie Dougherty wrote:
I don't attribute it to Doug particularly, but I share the frustration Rakesh
expressed that sometimes it seems the left is trying to recreate the post war
regime because it offered some protection to some members of the US
working class and because we donít realy know
On 4 May, Ellen Dannin wrote
Today's Los Angeles Times has a long piece criticizing NZ's reading
methodology -- whole language v. phonics. The article says that employers
are complaining that they can't get literate workers.
Periodically groups like the NZ Business Roundtable have
About a month ago, for the benefit of all the agencies looking at the
"merger" of nynex/bell atlantic, bell atlantic announced that the new company
would lose about 3000 jobs. Today, a week after the finalization of the
"merger" they have announced a loss of 10-15,000 jobs. This corporate
The other support for consumption has been increasing personal debt. The
debt burden per person in the USA is the highest in the world. maggie
coleman [EMAIL PROTECTED]
I am intrigued by some of the comments below, especially because of labor
shortage situations and because somehow the dependency idea that the
"periphery" is condemned to remain where they are is smuggled in. It does
not capture the learning process: that the periphery can produce its own
James Devine wrote:
BTW, if investment in factories and machines AND military spending is
likely to go down, what will maintain world aggregate demand? consumption?
By the way, this investment is less and less durable, so any impact on
accumulation is muted.
--
Michael Perelman
Economics
There is an article in Education Policy 1995 March pp.54-74 by
L. Gordon "Controlling Education--Agency Theory and the Reformation of New
Zealand Schools" . This article shows how in the name of accountability
and the view that it is the government that is the agent of the public
with respect to
At 10:43 AM 5/6/97 -0400, Wojtek Sokolowski wrote:
Assuming that "capital" is the shorthand for "the power to fetch the
benefits of other people's labour," the question of primary importance is
how the capital owner can fetch those benefits under different conditions.
Investment is but one form
Like the character played by Cuba Gooding Jr. in the flick "Jerry McGuire,"
Doug is repeating: "show me the evidence."
That's a good thing to ask. But let's not get all the way in to empiricism,
where the evidence is all there is.
BTW, back in the 1950s, when Daniel Bell predicted "the end
In "Globalization and its Discontents: The Rise of Postmodern Socialisms",
a new book co-authored by Roger Burbach, Orlando Nunez and Boris
Kargalitsky, we read the following:
"To advance toward postmodern socialisms, a new economic agenda will have
to be developed that breaks not only with
At 08:28 AM 5/6/97 -0700, Doug Henwood wrote:
The East Asian economies invest at very high levels and have been growing
rapidly. U.S. investment is mediocre, and growth performance shows it.
Investment collapsed during the 1980s in much of the Third World, thanks in
large part to the debt
The British Labour Party are now only in power a few days and they
have already raised interest rates which is going to adversely affect
the working class in livins standards ways.
Comrades:
Furthermore by handing control of interest rate policy over to the
Bank of England they are
I have found the discussion of globalization very interesting and
challenging. I would like to respond to something Michael Perelman asked
a couple of days ago about the extent to which companies move offshore or
source production.
The GE facility I worked at - Appliance Park in
I wonder does this bold and rather breathless assertion quoted by Louis Proyect
meet the standards of evidence upheld on this list?
Sometimes you just have to call it like you see it.
--Laurie
Louis said:
My attitude toward all this is to view recent
At 12:05 PM 5/5/97 -0700, Jim Devine wrote:
I don't know why you reject the role of investment in aggregate demand, if
indeed you do. I wouldn't deny the role of labor costs in encouraging
investment spending, but it should be realized that wages also represent a
cost in the production of
Today's Los Angeles Times has a long piece criticizing NZ's
reading methodology -- whole language v. phonics. The article says
that employers are complaining that they can't get literate
workers.
Periodically groups like the NZ Business Roundtable
have advocated privatizing public
Doug Henwood wrote
New Zealand politics is very conscious (perhaps hyper-
conscious) of the ability of financial dealers to
manipulate the economy, and it has been used as a scare
tactic frequently during recent elections.
And since it's used as a scare tactic, that makes it especially
Sid, let me start from a different vantage point rather than respond bit
by bit, hopefully for the sake of clarity. I agree that there is massive
global consolidation in telecom, perhaps more than in any other sector.
I agree that competition may be becoming more intense in the local
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