Let's just take the basics of Marx's theory of the financial and monetary
aspects of the cycle. In the face of bankruptcy, Asian producers are trying
to honor financial obligations (sales having turned out to be at prices
lower than used in preceding obligations); they are ready to sell their
Rakesh Bhandari wrote:
I must say that I am rather
surprised that Doug thinks it possible to evaluate the "long-wave" vitality
of US capitalism, independently of the situation as a whole.
May I quote myself, from LBO #80?
quote
Long upswing? Maybe the estimable Anwar Shaikh, a Marxian
Doug Henwood wrote,
Given their track record over the last 20-25 years, you have to give U.S.
crisis managers the benefit of the doubt in their ability to turn potential
disaster to their advantage. That's not to say they can do it forever,
but
This is the one fact that would tend to dim
Date sent: Wed, 10 Dec 1997 10:37:42 -0500
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Subject:Re: The World Economic Crisis and American Capitalism
Doug Henwood wrote
