LETTERS TO THE EDITOR:
US Treasury must share blame for World Bank's predicament
Financial Times, Sep 4, 2001
By ROBERT HUNTER-WADE
>From Prof Robert Hunter Wade.
Sir, How ironic that, of all people, Larry Summers, the former Clinton
administration US Treasury
secretary, should be "deeply tro
LETTERS TO THE EDITOR:
Keeping pledge to redefine bank's role
Financial Times, Sep 3, 2001
By JOHN TOURTELLOTTE
>From Mr John Tourtellotte.
Sir, I refer to Stephen Fidler's article "A world of complaint" (August
28).
A fair assessment of James Wolfensohn's leadership must acknowledge that
t
Funding fears sap World Bank morale:
James Wolfensohn has been criticised for his handling of the bank's
budget
Financial Times, Aug 30, 2001
By STEPHEN FIDLER
A search for reasons behind low staff morale at the World Bank need go
no further than a glance at the
budget constraints under which
LETTERS TO THE EDITOR:
Wolfensohn deserves credit for trying to find right formula
Financial Times, Aug 31, 2001
By RONALD FREEMAN
>From Mr Ronald Freeman.
Sir, Your attack on Jim Wolfensohn was unfair, not the sort of thing I
expect to read in the Financial
Times ("A world of complaint", Aug
LETTERS TO THE EDITOR: Better to have the new World Bank than the old
one
Financial Times, Aug 31, 2001
By JOSEPH STIGLITZ
>From Prof Joseph Stiglitz.
Sir, After reading Stephen Fidler's article on the World Bank ("A world
of complaint", August 28) I
still do not quite understand what his poin
I tend to think that government (socialist or otherwise) will be at
least as repressive as it's population will tolerate, and that when
under attack from outside, a population will tend to tolerate a great
deal. In short revolutions under attack from a strong outside force will
tend to be a grea
Just to make a point though -- in fact business majors were not
toughened a great deal. In fact a marketing major is considered one of
the easiest majors you can take.
The majors which have been made the most difficult (compared to 30 years
ago) are English and literature majors. To a lesser e
I agree that mine were blanket statements. I do not hold any of these
countries up as a model of democratic participation. My aim was to list
countries born of revolution that had remained independent while
preserving some measure of freedoms for a significant portion of their
populations.
The de
Re: Cuba, Jim Devine writes:
It would be even harder if it tried democracy more serious -- i.e.,
> socialist democracy -- than the current US system.
>
Given all the factors that you correctly outlined as to the Cuban situation in
the Carribbean beneath America, (etc) it would do us well not t
I thought it was because U.S. popularculture has an affinity for the image
of the misfit or rebel. Maybe that same affinity helps explain the
traditional inefficacy of oppositional politics in the U.S.
Tom Walker
Bowen Island, BC
604 947 2213
- Original Message -
From: "Jim Devine" <[EMAIL PROTECTED]>
To: <[EMAIL PROTECTED]>
Sent: Monday, September 03, 2001 7:26 PM
Subject: [PEN-L:16653] business ethics
> [was: Re: [PEN-L:16633] Re: Re: Re: Re: Atlas shrugged]
>
> At 04:09 PM 09/03/2001 -0700, you wrote:
> >Shouldn't the cur
.
> Now, bitter from three years of battle not just with rival
> newspapers but also with Canada's left-leaning Prime Minister,
> Jean Chrétien,
Excuse me?
This huy is as "left" as Tony Blair, or even less so. The liberal party does
nothing to call iself "left", from signing NAFTA to "reconsid
Nicely put.
Jim Devine wrote:
A party's dictatorship is justified in the
> end only if it uses it to build popular power. Unfortunately, the US and
> other imperialist powers consistently push these parties to make the
> decisions that make the most sense militarily rather than democratically.
-
[was: Re: [PEN-L:16633] Re: Re: Re: Re: Atlas shrugged]
At 04:09 PM 09/03/2001 -0700, you wrote:
>Shouldn't the curriculum for business majors be substantially changed
>so that issue of, say, corporate governance, is viewed through notions
>of what counts as democratic accountability and represen
Andrew wrote:
>The United States, India, Israel, Turkey, and Mexico were able to
>remain both open societies and independent. Each of these successful
>nations embraced capitalism, albeit to different extents. One
>additional item to add to Michael's list would be that the revolution
>is socialist
Michael Perelman wrote:
> > Let me ask a different question: a revolution has broken out in a poor
> economy, without the ability to confront the imperialism powers head on.
> Clandestine operations can do great damage to the society. Less
> committed citizens can be bribed. Misinformation ca
At 07:39 PM 09/03/2001 -0500, you wrote:
>Do
>you have any retroactive advice for Juan Bosch or Salvador Allende or
>[memory block: the Panamanian president who died in a plane crash]?
Omar Torrijos (who was replaced by America's Friend, the drug-friendly
tyrant, Manuel Noriega, who was later ov
At 04:38 PM 09/03/2001 -0500, you wrote:
>Does anyone suggest that the Left of today should issue a blanket
>apology for the crimes of Lenin, Stalin, Mao, and the rest?
I'm sure that there are people floating somewhere on the Internet who will
apologize for these tyrants, just as there are (a mu
I don't really have much to contribute. US popular culture is powerful,
perhaps some sort of bandwagon effect, where everyone wants to identify
with what is popular.
On Mon, Sep 03, 2001 at 09:54:36PM -0400, Doug Henwood wrote:
> Michael Perelman wrote:
>
> >Yes, Doug says that with Cuba, it co
I'll be even violent opponents of oppressive governments like US pop
>culture sometimes.
>
>Doug
See the photographs by documentarian, Susan Meiselas, in her book on the
Sandinista Revolution. Full of FSLN combatents in '78 and '79 with t-shirts
and baseball caps of U.S. rock stars and Hollywo
City slickers did for my pension
A nationalised insurance industry would have given me a better deal
Special report: Equitable Life
Paul Foot
Tuesday September 4, 2001
The Guardian
If you ventured into the law library at University College, Oxford, 40
years ago, as I did rather infrequently, y
Doug Henwood wrote:
>
> Michael Perelman wrote:
>
> >Yes, Doug says that with Cuba, it could only happen because of the USSR.
>
> You didn't answer any of my other questions about a post-liberal
> revolutionary society.
>
Do you draw any distinction between the hypothetical situation of a
r
Michael Perelman wrote:
>Yes, Doug says that with Cuba, it could only happen because of the USSR.
You didn't answer any of my other questions about a post-liberal
revolutionary society.
Doug
Michael Perelman wrote:
>Just imagine if a power, much, much mightier than the US were to
>flood us with media
>that undermined the society. Pumping out TV, Radio, Newspapers, and
>subsidizing and
>arming violent opponents of the government.
Michael, I'm completely opposed to the arming of vi
Yes, Doug says that with Cuba, it could only happen because of the USSR. Castro did
not seem as a threat at first, an only later when he threated expropriations did he
run into serious danger. Even with the Soviet support, think of all the dangers that
he faced. When Jim Devine and I were in Cu
G'day Andrew,
> Should we expect more of our Nobel Prize winners?
'Tis, alas, 'the important people' who confer Nobel Prizes, and precisely
those alluded to by Tobin who confer the ersatz Nobel for which economists
compete. That said, I did read a deal of Sen when he won, and thought him a
part
Key address by Dr. Fidel Castro Ruz, President of
the Republic of Cuba at the World Conference against
racism, racial discrimination, xenophobia and
related intolerance Durban, South Africa.
September 1, 2001
Excellencies:
Delegates and guests:
Racism, racial discrimination and xenophobia are
The United States, India, Israel, Turkey, and Mexico were able to
remain both open societies and independent. Each of these successful
nations embraced capitalism, albeit to different extents. One
additional item to add to Michael's list would be that the revolution
is socialist in character. That
Doug Henwood wrote:
>
> Carrol Cox wrote:
>
>
> So you've settled on the inevitability of a "closed society." Could
> you offer some details? Would we be allowed to carry on as critical
> political economy types on PEN-L? Would newspapers publish freely?
> Elections? Parties? Independent unio
Andrew wrote:
>Does anyone suggest that the Left of today should issue a blanket
>apology for the crimes of Lenin, Stalin, Mao, and the rest? I would be
>hesitant to agree. How can activists of today be responsible for what
>some of our intellectual antecedents did when most of us weren't evenbor
Carrol Cox wrote:
>Michael Perelman wrote:
>>
>>
>> Let me ask a different question: a revolution has broken out in a poor
>> economy, without the ability to confront the imperialism powers head on.
>> Clandestine operations can do great damage to the society. Less committed
>> citizens can
>[Tobin supports free trade, the IMF, the World Bank, the WTO, etc]
>Tobin, who was awarded the 1981 Nobel Prize in Economic Sciences, told
>Der Spiegel that his tax likely had ``no chance'' of becoming
>reality - because ``the important people on the international finance
>scene are against
Michael Perelman wrote:
>
>
> Let me ask a different question: a revolution has broken out in a poor
> economy, without the ability to confront the imperialism powers head on.
> Clandestine operations can do great damage to the society. Less committed
> citizens can be bribed. Misinformation
- Original Message -
From: "Jim Devine" <[EMAIL PROTECTED]>
To: <[EMAIL PROTECTED]>
Sent: Monday, September 03, 2001 10:44 AM
Subject: [PEN-L:16626] Re: Re: Re: Atlas shrugged
> At 10:08 AM 09/03/2001 -0700, you wrote:
> >thanks
> >to the "anti-grade inflation" movmement of the seventie
Andrew Hagen wrote:
> In my view, the Soviet regime was on balance much more tyrannical than it
> was noble. Thus, I argue that the Left should castigate Communists.
We have been over this many times now. No need to repeat it again.
Let me ask a different question: a revolution has broken out
Saturday September 1 4:26 PM ET
Tobin Says Activists Abuse His Name
BERLIN (AP) - Nobel laureate James Tobin, who proposed a global tax on
financial transactions to buffer small economies from boom-and-bust
monetary flows, says radical anti-globalization activists are abusing
his name in endorsi
I don't think that's an argument against my approach. I agree that
"communism" stands for the Soviet Union and the regimes connected to it
ideologically. Nor do I deny that the Left of today follows in the wake
of communism, and is thus influenced by it. I criticize communism as
tyrannical. Thus,
Andrew wrote:
>The word "communist" originally spoke to a utopian concept, where
>tyranny did not reign. Today, however, the large majority of the
>world's population uses the word to describe the political bosses of
>the USSR, and all those ideologically connected in some way to them. In
>my vie
And the misallocation here is not too much being spent on health care,
but health care being paid for in an inefficient way (via private
insurers). Total adminstration costs both in hospitals and the net
insurance premium are at least 30% vs. between 5% and 15% in nations
that have single payer ca
When analysts speak of a fiscal catastrophe some
50 years hence, what they are actually referring
to, strictly in terms of scale, is a public sector
analagous to the Euro social-democracies -- spending
in the neighborhood of 40 percent.
The bulk of this, again in terms of debatable
scenarios, is
At 10:08 AM 09/03/2001 -0700, you wrote:
>thanks
>to the "anti-grade inflation" movmement of the seventies and eighties,
>students have to take more and harder classes to graduate.
damn straight!
and I think that business majors _should_ be forced to work hard.
Jim Devine [EMAIL PROTECTED] & ht
The issues are whether Bush aims to spend China into the ground, and
whether China is communist.
First, I'd argue that if the Bush's policy goal is to spend China into
the ground, the goal is poorly considered. Let's assume that Reagan's
defense spending partially caused the Soviet Union's demise
At 08:58 AM 09/03/2001 -0700, you wrote:
>Or, maybe what economists really mean (although they don't know it) is
>literally an increase in the rate of surplus value.
exactly.
Jim Devine [EMAIL PROTECTED] & http://bellarmine.lmu.edu/~JDevine
I can't say overall, but there's pretty good figures
for workers in the "bracero" program of 1942-1964.
There were some 4 million Mexican workers brought in,
and ten percent of their pay was withheld from
1942-1950, which was supposed to go to worker "savings
accounts." They never got the money--
Hi Rob.
Our current "peak" does not begin to match that of the sixties (at least
here in the U.S -- which incidentally is still miles ahead of you
Aussies in the scum sweepstakes). Among the reasons -- people have to
work a hell of a lot harder for survival than was required in sixties.
This in
Michael Perelman wrote:
>Also, many immigrants pay into social security without being able to
>collect. Has anybody ever tried to quantify that effect?
The SS Trustees reports use immigrants as one of the demographic
variables, with higher levels of immigration meaning more solvency
for the s
Also, many immigrants pay into social security without being able to
collect. Has anybody ever tried to quantify that effect?
On Mon, Sep 03, 2001 at 12:20:13PM -0400, Doug Henwood wrote:
> Gar Lipow wrote:
>
> >Also there is one other point. In the U.S, anyway the increase in the
> >ratio of s
Gar Lipow wrote:
>Also there is one other point. In the U.S, anyway the increase in the
>ratio of seniors to others is projected to occur alongside a drop in the
>ratio of children to population -- so that the total "dependency" ratio
>is projected to be a only a tiny bit higher than at present..
Or, maybe what economists really mean (although they don't know it) is
literally an increase in the rate of surplus value. See Marc Linder's "From
Surplus Value to Unit Labor Costs: The Bourgeoisification of a Communist
Conspiracy" in his _Labor Statistics and Class Struggle_.
Linder tells the t
The funniest thing I've seen all week!
http://www.libertocracy.com/
And, "Ye Olde Cybershoppe, " too!
Michael Pugliese
I think it's pretty obvious, so I haven't commented on this point before,
but I want to object to referring to China as "communism" (in the subject
line).
In Marxian terms, China has never been "communist." It's a country that's
ruled by a party that calls itself "communist." To my mind, China
Spend 'em into the ground? Like Reagan did with the fSU. But, DoD, NSC,
State Dept. doesn't want the PRC to use that arms buildup to attack Taiwan.
Do they? :-)
Michael Pugliese
-Original Message-
From: Jim Devine <[EMAIL PROTECTED]>
To: [EMAIL PROTECTED] <[EMAIL PROTECTED]>
Date: Mond
The majority of my students have outside jobs -- and much less
free time than I did when I was a student.
--
Michael Perelman
Economics Department
California State University
Chico, CA 95929
Tel. 530-898-5321
E-Mail [EMAIL PROTECTED]
At 10:58 PM 09/02/2001 -0400, you wrote:
>In the LAT piece, Tom P. is referring to a system of asset-based reserve
>requirements. Applied to all financial sector assets, such a system would:
>a) respond to the long-term movement of this sector's assets out of the
>banking industry and into nonban
isn't it also possible that the US wants China to waste a lot of resources
on its military, undermining its long-run ability to compete with the US
economically? (but then again, who knows?)
At 11:22 AM 09/02/2001 -0500, you wrote:
>I think that's right. In addition, the Chinese do not have mod
Rob wrote:
>I find I have certainly become a far quieter, more pliable and less dignified
>lackey since first the loinfruit bounced into consideration, anyway.
I don't know. There are a lot of people who _become_activists because
of their kids, trying to keep them away from toxic wastes dum
from the L.A. TIMES [9/3//01] --
Productivity Said Key to Rebound
Symposium: Top policymakers and others say a sustained pickup in worker
output is needed for economy's recovery. (from Reuters)
JACKSON HOLE, Wyo. -- The information technology boom of the 1990s stoked a
"new economy" character
Thanks very much to Hinrich and Rob for the very useful replies.
Regarding Hinrich's quote on the usefulness of a Tobin tax, I agree about its
limitations. "Global Finance: New Thinking on Regulating Speculative Capital
Markets", Ed Walden Bello, Nicola Bullard and Kamal Malhotra, has two chapter
It's the retreat from Toronto: Conrad Black loses the
battle for the soul of Canada
Thwarted one too many times, the newspaper baron has
turned his back on his native land
By David Usborne
Independent on Sunday, 02 September 2001
It turned out to be Conrad Black's last Canadian campaign.
Schools 'need private-sector help'
By Paul Waugh, Deputy Political Editor
The Independent, 03 September 2001
Estelle Morris, the Education
Secretary, set the Government on
a collision course with teaching
unions yesterday when she
declared that Britain's failing state
schools "need" the
British forces flex military muscle for £93m 'desert war'
Biggest exercise since the cold war as quarter of army sets off to fight
fictitious battle in Oman
Jamie Wilson and Richard Norton-Taylor
Monday September 3, 2001
The Guardian
The biggest naval task force since the Falklands war will sa
Forget 21, you become an adult at 35
VICKY COLLINS
The Herald, 3 September 2001
WHEN you become a man, according to the
Bible, you put away childish things. In the
modern world, however, there is no longer any
need - not just yet anyway.
According to research to be pu
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