To whom...,
Why is it that practically every month for the past couple years CNBC
et al have been reporting net inflows into the stock market, both into
equities and into mutual funds? How have I been missing all this net
outflow?
peace
To whom...,
I inadvertently misled C. Perelman in his search for this article.
The english-language web site for the Nihon Kezai Shimbun is
"www.nikkei.co.jp/enews/". The article follows and it is yet another
suggestion that the Japanese are in bad trouble.
When is a Loss not a Loss?
In-Reply-To: Your message of Thu, 24 Sep 1998 10:43:26 -0400
To whom...,
A loss, it seems, even in this great bastion of market-rationality,
risk-management and (gulp) transparency (except for hedge funds, playgrounds
of the Gods) is not
C. Perelman,
Go to sattelite.nikkei.co.jp and look around. The story is a
couple weeks old, I think, but they should still have it available. I was
actually going to forward it to the list when I first read it, but it was
at a time when my e-mail had gotten away
To whom...,
My reaction to Levy's point about Japanese capital investment is that
it was true some time ago but not, apparently, today. The Nikkei news
service reported that U.S. industrial equipment is now newer than Japanese
equipment for the first time in a great
C. Schaap,
I'm not sure how you mean to apply this quote to the present.
Would you focus us a little?
peace
C. Proyect,
It still should be noted that South Korea has a larger economy
than Russia. The "tiger" economies needed government money at first
because, of course, cowardly capitalists want to see guaranteed returns
before they put their money in. When these
C. Proyect,
Capitalist cronyism deforms this economy as well. Cronyism is simply
a word for putting too much economic power into too few hands. Go to the
Nihon Kezai Shimbun website if you want to see an immense display of what
cronyism has wrought. Nikkei down
C. Proyect,
You surrender the field with typical grace. I would suggest to
you that we should be concerned with the transition from industrial
capitalism to industrial socialism more than "the transition from
feudalism to capitalism in [newly] industrial England."
C. Lear,
"Jekyll" just had too much power.
peace
To whom...,
There is an intriguing dynamic in Russia. The Soviet state used
the super-democratic *ideals* of socialism to completely undermine civil
society. Instead, they should have been creating *socialist* civil
society - a far more radical and
C. Phillips,
This seems, finally, like something that begins to address the way
in which aboriginal peoples' movements might forward the cause of economic
justice. It seems to me that, in Canada, the aboriginal movement has
begun to create a unifying thread among
C. Wojtek,
I think you are on the right track although I would say that Islamic
fundamentalism as such is not the problem. Clearly there are people who are
wholly devoted to Islam who would not engage in fascistic behavior. I do
think that Islam has become the
C. Rob,
Inflation is bad for bond-holders, but that does not necessarily
mean it's good for bond-issuers, especially if they must, as governments
must, continually re-finance their operations. It is a theoretical plus
to be a bond issuer in an inflationary market,
C. Frank,
A properly positioned currency trader would have hedged for the
sudden downward spike and simply increased his short ruble position. It
also happened with the Japanese yen earlier this year. Intervention was
simply met by more buyers for the other side of
C. Valis,
Yes, by all means, consult The Book and pay no attention to that
argument behind the curtain.
peace
Valis, dammit,
How could you be so incautious as to group C. Proyect and me
together. You've forced him to reveal me as a "capitalist apologist"
trying to worm my way into the pure, Red hearts of Marxists with my
neo-anarcho-syndicalist, anti-primitivist/utopian
To whom...,
Russia down, Japan down, Wall Street Down, China under three feet of
water. Collapse. Panic. The glory of it all!
It reminds me of the line from that poem about a world war one gas
attack where the narrator describes the soldiers going for
C. Rob,
You ask whether under Keynesianism "Is credit not always
available, and is that credit not generally available at much more stable
and realistic rates than 'free markets' can offer over time?" and I would
say "No" to both. In terms of rationality, how often
To whom...,
I have been on exactly the same track from the beginning and have
found no answer to my questions or points. The track is here, I am on the
track, and I have the only consistent argument on this particular line.
What *is* off the track? -
C. Rob,
Get with the program, comrade, debt is good. Don't you know that?
No, seriously, I think this is just a necessary transformation from
stagnant Keynesian capitalism to credit-rich finance capitalism (When I
say "necessary", I mean necessary for capitalism,
C. Perelman,
It has been many posts since I tried to convince anybody of
anything. There has been no opportunity to even engage anybody. That's
fine with me, except that *you* felt obliged to raise the stakes to the
point that I felt I should defend myself. If you
To whom...,
If I could advise these lettuce workers I would suggest that the
Monsanto corporation shows us a good model for them to forward negotiation
with the growers. It's called "Roundup"
peace
C. Valis,
As I said, we are seeing the groundwork laid for true despair when
this bubble bursts. Again, isn't capitalism fun?
I hope it's clear that I see *two* two questions here. First, is
this monetarist transmogrification necessary *under
C. Schwartz,
Thanks for the info. You have to admit the old "He's not dead,
he's just vacationing in the dacha" routine is a Russian classic, though.
Who is thought to be running things if Yeltsin is actually as
incapacitated as he appears? Is it Chubaiis?
C. Schwartz,
Do I understand the Buzgalin article to imply that the
clan-corporates are, in some cases, using the social welfare system to
solidify their power over the workers? He seemed to imply that the elites
would not only withhold wages but also welfare
C. Proyect,
Since you;ve totally distorted my point, I'll remind you of it.
My point is that the indigenous people are well and truly in the sway of
capitalist property relations whether they assimilate or not. My point is
that they cannot insulate themselves from
To whom...,
Lou Proyect has finally tipped his hand. The idea is that a
victory is a victory is a victory. I think that's clearly wrong. I have
been shown nothing about this movement that suggests it undermines
capitalism at all. Capitalists have disputes all the
C. Rob,
Wall Street, I think, is loathe to crack the Golden Egg of
investor confidence. If stock punters so much as looked out the window
they would panic. Fortunately, all they see when they briefly open their
eyes is the sand their heads are in.
By
To whom..,
I don't think it matters a damn that native Americans or any other
indigenous people had or have democratic ideals. The economy they live in
doesn't.
peace
To whom...,
I largely abandoned the debate about indigenous political economy
because the participants who take the opposing position simply ignored the
main issue. Instead we have gotten a lot of stuff about the native
political struggles which, while interesting,
To whom...,
From what I hear the Russian Communist party is suffering a rift.
I'm not sure I understand the cause but they say it has undermined Zuganov's
effectiveness. Anybody have anything on this?
peace
To whom...,
I don't know what it means, but Henry Kissinger, that champion of
democracy, has said that an authoritarian Yeltsin regime "may be necessary".
peace
C. Forstater,
THe issue is not worth discussing but it seems that occasionally
it needs discussing. There are practices, other than *TYPICAL* modern
agricultural practices that can be demonstrated more productive (usualy
just in absolute calories) given, as you
C. Proyect,
Ultimately your Friday response to my question puts forward a
philosophy that "A victory is a victory." That may be true, but the
question is what *kind* of victory. I think it's clear that it is a
reformist victory. There is value in reformism but it
C. Forstater,
It's clearly nonsense that primitive economies are more producitve
than modern ones. It's not even worth discussing. As for the justice of
the indigenous land claims, I never questioned that. The question is what
value the struggle for indigenous
C. Dennis,
The only real Buddhists I know are in books and on TV. As for my
own taste in Buddhist thought, I always get the schools confused. I never
remember what is Theravada and Mahayana and why and where Tantrism comes
in and leaves. Would I be revealing too
To whom,
At the point I am accused of writing "virulent racism" I have to
defend myself but I'll wait for a moment and first thank the people who
wrote supporting me: Thanks, I'm pleased and a little surprised by the
whole thing.
I was pondering
C. Proyect,
The problem is that the indigenous struggles may be turning into a
falseI hate to use the word, but "if the shoe fits"totem of the
general struggle for liberation. The struggles bring people out of the
woodwork on both sides of the
Ms. Dannin,
I don't use my name because I don't think it's a good idea. I've
had trouble when I used my name on the Internet. If I were you, I
wouldn't do it, but there you are. I think that if , somehow, an
enterprising lawyer such as you decided that I was
C. Peoples,
Micro-credit is just the practice of making very small, small
business loans. The idea is that people can have access to credit to open
shops and the like rather than relying on personal and family money as
first-time shopkeepers and very small business
C. Proyect,
You response is simply a dodge. All it does is beg the question.
Again I ask what specific change in political *economy* does granting land
to indigenous people accomplish and how *specifically* does that help the
struggle of working people?
To whom...,
The question is not one of capitulating to the multinationals, but
of simply realizing that they are a fact of life, and so is the modern
industrial economy. The question is not buying foreign floor wax for dirt
floors but building, for example,
C. Lear,
As a former professional cook and chef I can tell you absolutely
that people *want* sugar, salt, and buttery grease. All you have to do is
balance the flavors a bit so they can really enjoy it and describe it on
the menu in a way that allows them to
To whom..,
Look, I never said that indigenous people should give up their
culture. The only thing I said about culture was that it is entirely
appropriate for native people to be able to carry out rituals and entirely
necessary that native people be respected. I
C. Proyect,
I'm all for "wresting land from the ruling class" but to do what
with? Land and 50 cents will get you a cup of coffee.
peace
C. Craven,
So the native Canadians get the land and do what? Are they going
to open casinos? Are they going to log, farm or mine? All those are
pretty depressed industries right now. Where are they going to get the
money to develop the land? Do you think the
C. Sinha,
I don't think physics is cultural. Hydro-power just does more work
- it has more physical capacity - than do river fish. I'm not saying that
simply justifies throwing away river fish populations, not by a long shot,
but the comparison C. Proyect made was
C. Perelman,
Again I say, farmers with a thousand acres of prime winter wheat
land and tractors and combines are having trouble making a go of it. Peasant
farming not only sucks as work, the pay is worse than any of the jobs you
mentioned. Peasants aren't working
C. Craven,
So what you're trying to say is that you have no answer to my
questions. Is that it? I might have missed something because I was too
self-absorbed to read all of your hissy-fit.
peace
To whom...,
So let me get this straight: Makak whaling good, Norwegian
whaling bad? Isn't this obviously absurd? Isn't the issue how many
whales - our common property - are killed?
There are a few dozen saw mill operators in the Pacific Northwest
To whom..,
Now we can laugh at farmers who use hoes because they don't use
discers, integrated pest management, and no-till farming. We can laugh at
them because they are wasting their time and breaking their backs for
nothing. We can laugh at them because they are
C. Proyect,
This is about as socialist as a Microsoft commercial.
Why don't you go and try to make your living hunting Caribou.
peace
To whom,
At $50,000 per adult Yanomami, what kind of price tag are we talking?
How about $100,000? How about a point or two of the net? the gross? What
do the Yanomami, themselves, expect to gain from their land rights? Do they
really want to live in the
To whom...,
And it doesn't matter a damn to the Microsoft market capitalization
that this software is being pirated because their fotune lies in the fact
that when they come out with their *next* program, people will have to buy it
and their competitors won't be able
To whom...,
The struggle to liberate people from economic oppression is not a
John Ford movie. The primary problem facing the proletariat is not
ranchers, for god's sake. Sure ranchers and their cousins the "family
farmer" are petit bourgeoisie (and often
To whom...,
The issue is that multi-nationals are not following the
illuminating wisdom of the great capitalist philosopher Meyer Lansky who
said "A problem that can be solved with money is not a problem." There
are some Inuit who live north of the Arctic National
C. Proyect,
Your problem is that you live in a fantasy world. When power
companies dam waterways to create hydropower they are creating something
that is quite simply more valuable than the fish. It's an ugly reality,
but there it is. As for the drinking water,
C. Proyect,
First, it is both entirely Marxist and entirely *true* to say that
feudal societies were more capable than hunter-gatherer societies and that
capitalism is more capable than feudalism. It is by no means Social
Darwinism since *I* do not associate certain
To whom...,
I guarantee you that the main danger to the Neem tree is if Western
new-agers decide that it is latest answer to their physical and psychic
torments. There won't be a Neem tree left standing if moneyed, hippie
half-wits decide that this is the latest
C. Perelman,
My point was that we - in our *modern* economy - could learn the
lesson that commerce need not be synonymous with hostility. I wasn't
talking about relations *between* modes of production, but *within* the
modern (or future) mode of production. It was a
To whom...,
Comrade Proyect's post on cattle and bison will prove conclusively
that bison farming is far more viable than cattle farming. It costs less.
It's more sustainable. It's healthier and, well, dammit, it is just more
aesthetically pleasing.
I
C. Rosenberg,
I can heartily recommend the web site of the Neihon Kaizai Shinbun
(better known as "Nikkei") website at www.nikkei.co.jp/enews/. They have
many articles pertaining to the Big Bang, the yen's tailspin, and the
failures of banks and brokerages. There
C. Perelman,
I don't think that the destruction of peoples' societies is
*justified* at all, but I do think that societies change. Clearly a small
number of people are going to be left behind when society changes but that
need not cause hardship or terrible
To whom...,
I anticipated attacks of "heartless" and "genocidal" when I
questioned the value, if not the integrity, of the current trend of
fascination with indigenous people. I hadn't anticipated "racist".
Possibly Lou Proyect can explain how, for example, the
C. Kruse,
I should make the disticntion here between the actual fight of actual
people against oppressive laws and practices that are unjust by any standard
and the intellectual *flight* to this kind of movement away from the struggle
of the industrial proletariat
To whom...,
I've always thought that the focus on copyrights by leftists is
misguided. Microsoft's code is not so valuable. After all, there is code
out there that will do most of the things Microsoft's will do as well or
better. What is valuable is Microsoft's
C. Craven,
Oh, I see, Proyect can as much as label his enemies right wing
conspirators but my scant, absolutely qualified, even self-contradicted
intimation is "slander"?
Bullshit.
I say again and I will repeat it because it is the main theme,
To whom...,
There are dumber passages in dumber books, certainly, but this
little gem from Mike Davis is safely on the big list of the dumb. The
combination of high rainfall, more suburban encroachment with less
damaging land practices and a *better* environment
To whom,
Yet again, Louis Proyect is deliberately trying to undermine and
ruin *another* discussion list. I have been on four lists that he has
done this too and the pattern is always identical. He finds some
scapegoat and then makes wilder and wilder
C. Perelman,
I was going to respond to you off-list, but I think it's more
appropriate and useful for me to do it publically. I am warning you, as
moderator of a very succesful list, that C. Proyect has done this kind of
thing before. I am over-reacting,
To whom,
Real Darwinism, by which I mean actual evolutionary science - a
forgotten art in these days of anthropomorpizing - indicates that the
"fittest" is simply that creature who, by *accident* of genetic
recombination, find itself able to reproduce
To whom...,
Sorry, technology fever got they best of me and I forwarded an
article to the list that was rife with computer-driven errors. Here is the
cleaned-up version:
-
I thought you might be interested in this small article from the
August Issue of Scientific American.
---
"Look for the Union Label:
new analysis of
C. Coyle,
Japan's situation is more like that of the US in the 20's. They
are the ones refusing to raise interest rates despite a highly artificial
price structure and diminishing productivity. The BOJ is artificially
stimulating a bias for capital to move to
Test response
[Please tell me if this message already got to the list, I think I've
had trouble with my e-mail)
To whom..,
Several days ago it was remarked that Taiwan, China, Hong Kong and
Singapore seemed not to suffer as much from the East Asian economic flu
Test1
C. Devine,
I would also add to this the fact that companies are keeping a lot
less cash on their balance sheets. They use it to buy back stock or to
buy other companies. This means that they cannot finance new inventories
out of cash and simply raise prices to
C. Eisenscher,
What you describe is the mechanism that plants use in generating
energy and oxygen during photosynthesis. Obviously there is tremendous
interest in replicating this process industrially. However, I think that
the hydrogen/oxygen fuel cells referred
C. Redmond,
You wrote "Asia will mark time until Japan discovers the magic
bullet of multinational Keynesianism." That seems remarkable to me. What
would you call the government-inspired credit boom that got East Asia to
where it is now? The Tiger expansion
Valis,
The answer is: Short-term self-interest. Why would Compaq, et al,
not want Windows '98 to come out? After all, they *sell* Windows '98.
Besides capitalists hate competition and love monopolies, especially in
the short-term.
peace
To whom...,
These "answers" about dam projects are totally inadequate.
Natural-gas-fired power plants still produce greenhouse gases and natural
gas is not available in all areas or as cheap as coal. It is also a
non-renewable resource. Riverine environments
P.S.-
What is the deal with "indigenous" cultures in India? Is there a
culture in India *less* than a couple thousand years old?
peace
C. Proyect,
Tai-chi is actually just for exercise. What Jackie Chan and the
other Gung-fu movie fighters do is called Wu shu. Gung fu, in its many
forms, is for actual fighting while Wu shu, which has been around for
centuries as well, is a corollary discipline
C. Perelman,
Make sure you include flood abatement effects in your study, but then
I'm sure you will. Downstream property values will rise when they are less
subject to flood. Any study done in advance of a flood control system for a
like drainage will give you
C. Perelman,
So what is the downstream land used for?
peace
To whom,
Results of a Bridge news poll are interesting:
BRIDGE JAPAN POLL: Firms' most desired dollar/yen rate at 115-120
By Rika Yamamoto, BridgeNews
Copyright BridgeNews
Tokyo--May 1--The most desirable dlr/yen exchange rate cited in a BridgeNews
survey of
To whom...,
I think that the first thing a budding socialist should do is
learn about the strengths of capitalism. Specifically I think a socialist
should understand the processes that create credit and the legal
structures that create contracts and corporations.
C. Bond,
In lieu of the proposed dam, what would you propose to supply
power/water/flood control? I am no fan of big dams because of the way
they effect the riverine environment, at the same time my understanding is
that smaller dam/flood-control-reservoir
C. Coleman,
Pot growing seems to have replaced moonshining in many rural
counties in the south. Friends who do rock-climbing have told me that in
some areas of West Virginia and Kentucky, locals admonish them to stay on
the trails so they don't stray into
To whom,
All I can say about Harvey is that I ate crabs with him one time and
he semed like a little bit of a stiff. His wife[girlfriend?] seemed nice,
though. A latina if I remember rightly, C. Bond?
BTW C. Bond I think we have a mutual
To whom...,
For Marxists it's worth considering that mayday predates unions
and socialism. The celebration of nature and love that mayday has always
represented can get lost in images of parades inspired by class struggle.
That older tradition reminds us that class
To whom...,
PBS in New York has had a show on recently called "Surviving the
Bottom Line". It is squarely reformist liberalism, but there were a few
things that I took note of. First, all violent commie radicals must be
warned: hands off Al Dunlap! This man is
To whom...,
Marxists who waste their time denouncing cars are doomed.
peace
To all...,
I need advice where to look for a good study comparing money flows
into the stock market (or liquidity in general) and stock prices. I'd
appreciate it very much.
peace
C. Dennis,
Isn't being pro-marijuana being pro-market?
Give the people what they want.
peace
C. Kruse,
I've posted way too much today, but I'll define my terms anyway. By
development I mean the economic and industrial infrastructure needed to make
the stuff, sell it and finance it. I'm speaking of this separately from the
property relations that mold
C. Moore,
What you're saying simply does not hold empirical water.
Predators always "go for it". They don't get it and they die. Except for
parasites, non-human predators, even pack predators, are opportunistic. If
they don't get an opportunity, they're
C. Rosser,
No, I'm sorry but you are off. We know that there is evidence of
exogenous shocks, most compellingly an asteroid hit, during the extinction
period. What we do not know is what that shock caused. Asteroid hits
don't kill a planet full of dinosaurs.
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