A rift has opened up between the United States and Britain over converting
World Bank loans into grants.
The dispute threatens to hold up proposals by the Bush administration to
increase funds from rich countries to the arm of the Bank that lends them
to the poorest nations. IHT Thursday
New New Dealism?
by Devine, James
That doesn't mean that I'm advocating maximalism, in which the only
alternative to capitalism is socialism. Rather it says that the fight for
reforms has to be considered in terms of mobilizing people for even more, in
terms of empowering people.
Sweden
by Ian Murray
16 January
I'm puzzled by the midwife metaphor as it seems to
assume that what needs to be brought about is
somehow already existing within what already
exists; whereas I can't help but see it as an
ongoing work of creativity. If we accept
indeterminacy and uncertainty in
Re: Carrol:
by Rakesh Bhandari
16 January 2002
^^^
Rakesh, this post kind of undercuts your claim to understand Marx's
theory and ideas more deeply than others here. Marx's theory of the
business cycle was not a particularly important expression of either
1), or 3) that you list
Sweden
by Rakesh Bhandari
16 January 2002 19:03 UTC
Wouldn't many bourgeois economists and executives agree? Liquidate,
said Mellon; creative destruction, said Schumpeter; Enron's just the
say things work, said Paul O'Neill just the other day. What's
specifically Marxist about the notion?
I appreciate the sentiments, but what was it in my remarks that set
off this explosion? If you think I'm opposed to social democratic
policies, you're badly misinformed.
Doug
[EMAIL PROTECTED] wrote:
Date sent: Tue, 15 Jan 2002 19:06:39 -0500
To:[EMAIL
Rakesh Bhandari wrote:
How radical indeed are these anti globalization activists!
And how much like a conservative a lot of Marxists can seem, whether
it's Finance Minister Hilferding defending tight budgets and sound
money or graduate students explaining why social democracy only makes
BUREAU OF LABOR STATISTICS, DAILY REPORT, WEDNESDAY, JANUARY 16, 2002:
RELEASED TODAY: The Consumer Price Index for All Urban Consumers (CPI-U)
declined 0.2 percent in December, seasonally adjusted, the Bureau of Labor
Statistics reported. For the 12-month period ended in December, the CPI-U
http://google.yahoo.com/bin/query?p=hilferding+against+the+currenthc=0hs=0
--- Original Message ---
From: Doug Henwood [EMAIL PROTECTED]
To: [EMAIL PROTECTED]
Date: 1/17/02 7:20:27 AM
Rakesh Bhandari wrote:
How radical indeed are these anti globalization activists!
And how much like a
GLOBALIZATION, STATE FAILURE AND UNDERDEVELOPMENT: IMPERIALISM? ...
... both Marxist (Bukharin, Hilferding, Kautsky, Lenin, Luxemburg ... links
between that current
conjuncture and broader ... struggles of and against Stalinism, though the
...
Rakesh Bhandari wrote:
How radical indeed are these anti globalization activists!
And how much like a conservative a lot of Marxists can seem, whether
it's Finance Minister Hilferding defending tight budgets and sound
money or graduate students explaining why social democracy only
makes
Grossman was ignored; he has never really been studied by American Marxists
Oh, the other reason is that once Horkheimer brought the Frankfurt
School to the US, he failed to support Grossman's strictly Marxian
research; he refused to publish his mss on dynamics *Capital*--which
has only
Date sent: Thu, 17 Jan 2002 10:20:27 -0500
To: [EMAIL PROTECTED]
From: Doug Henwood [EMAIL PROTECTED]
Subject:[PEN-L:21525] social democracy
Send reply to: [EMAIL PROTECTED]
Doug,
My response was not to your post but to
Date sent: Thu, 17 Jan 2002 10:20:27 -0500
To:[EMAIL PROTECTED]
From: Doug Henwood [EMAIL PROTECTED]
Subject: [PEN-L:21525] social democracy
Send reply to: [EMAIL PROTECTED]
Doug,
My response was not to your post but to
In a recent message, Rakesh wrote that did you respond to the well known
empirical observation that crises are most often not overcome as a result of
stronger consumption and prices? (which he associates with social
democracy)
I doubt that that's a well-known empirical observation, but if Rakesh
In a recent message, Rakesh wrote that did you respond to the well known
empirical observation that crises are most often not overcome as a result of
stronger consumption and prices? (which he associates with social
democracy)
I doubt that that's a well-known empirical observation,
this is
This change does not occur in the price of new capital goods, but in a
devaluation of existing capital goods.
Rakesh Bhandari wrote:
in a deep downturn,
doesn't constant capital cheapen relative to consumer goods?
--
Michael Perelman
Economics Department
California State University
[EMAIL
CB: Are you including Victor Perlo and P.I. Nikitin among orthodox
marxists ? You aren't claiming that they and other orthodox Marxists
claim that Keynesian measures will end the business cycle , are you ?
I am not including nor excluding Perlo, though my sense is that along
side his often
Microsoft's SLATE writes: The [Wall Street JOURNAL] notes that yesterday
Turkey joined a growing list of anti-terror allies that have asked the U.S.
for trade concessions and have come away with bubkas. A half-dozen
countries important to the antiterror coalition have asked the Bush
We have a hard time making generalizations like this, because capitalism has not
faced many crises. How many would your count in the 20th century? I assume
that were not talking about recessions.
Devine, James wrote:
In a recent message, Rakesh wrote that did you respond to the well known
another snippet from Microsoft's on-line SLATE magazine: The LA [TIMES]
picks up a wire story that reports, a plaque intended to honor black actor
James Earl Jones at a Florida celebration of the life of Martin Luther King
Jr. instead paid tribute to James Earl Ray, the man who shot and killed
Other than the personal reference to Paul, I think that most of us would
accept this statement.
Rakesh Bhandari wrote:
Paul Phillips is wrong to think that this critique pooh poohed the
accomplishments of the social democrats; it was a warning that those
accomplishments could not hold and
I think that were talking about two different threads. This discussion began
with the idea that social democracy might be good for capitalists.
The appropriate tactic for socialists is a different question. Many
revolutionaries did not oppose New Deal reforms because they represented an
[was: RE: [PEN-L:21538] Re: RE: Re: social democracy]
in reference to the phrase the well known empirical observation that
crises are most often not overcome as a result of stronger consumption and
prices Michael Perelman writes: We have a hard time making
generalizations like this, because
Lessons from Argentina
The Economic Times
Wednesday, January 16, 2002
Lessons from Argentina
JOSEPH STIGLITZ
ARGENTINA'S collapse incited the largest default in history. Pundits agree
this is merely the latest in a string of IMF-led bailouts that squandered
billions of dollars and failed
The equality/efficiency trade-off: empirical
evidence
Arthur Okun. Equality and Efficiency: The Big Trade-off,
1975
The pursuit of efficiency necessarily creates inequalities. And
hence society faces a trade-off between equality and efficiency.
Paul Krugman in NYT Sept. 16, 2001
In
Wonderful!
--
Michael Perelman
Economics Department
California State University
Chico, CA 95929
Tel. 530-898-5321
E-Mail [EMAIL PROTECTED]
I knew that you were not making the generalization.
You're correct about the different kinds of crises. That was my point.
What Marx wrote in private correspondence seems different from what he wrote in
a theoretical context. Just imagine that your biographer tried to analyze were
published
What Marx wrote in private correspondence seems different from what he
wrote in a theoretical context. Just imagine that your biographer tried to
analyze were published works mixing in your articles with your pen-l
contributions.
I think it would be a good idea if all of the participants in
Date sent: Thu, 17 Jan 2002 10:08:44 -0800
From: Michael Perelman [EMAIL PROTECTED]
To: [EMAIL PROTECTED]
Subject:[PEN-L:21540] Re: social democracy
Send reply to: [EMAIL PROTECTED]
By the way, Michael Yates promised to
Rakesh:
Grossmann did not oppose parliamentary work or reforms. He argued
that the latter could not hold and that the state could not steer the
economy. He as trying to revolutionize the practice of German
communists in 1929. Seems prescient to me.
^
CB: Rakesh , you are known
Rakesh:
Grossmann did not oppose parliamentary work or reforms. He argued
that the latter could not hold and that the state could not steer the
economy. He as trying to revolutionize the practice of German
communists in 1929. Seems prescient to me.
^
CB: Rakesh , you are known here for
Rakesh:
the discussion here is not of social democratic economics but the
root causes of capitalist crises and whether Keynesian demand
management can solve the underlying problems with the capitalist
system.
^^^
CB: So, who on this list or thread has claimed that Keynesian demand
BUREAU OF LABOR STATISTICS, DAILY REPORT, THURSDAY, JANUARY 17, 2002:
RELEASED TODAY: Median weekly earnings of the nation's 98.4 million
full-time wage and salary workers were $605 in the fourth quarter of 2001,
the Bureau of Labor Statistics reports. This was 3.4 percent higher than a
year
Rakesh:
the discussion here is not of social democratic economics but the
root causes of capitalist crises and whether Keynesian demand
management can solve the underlying problems with the capitalist
system.
^^^
CB: So, who on this list or thread has claimed that Keynesian
demand
It may be that that Usama Bin Laden and Mullah Omar are dead. When such
conjecture was at its strongest it was reported that Omar had escaped,
unbelievably, on a motor bike. Clearly if both these figures are dead
the justification for continued air strikes by the Pentagon becomes less
plausible.
It may be that that Usama Bin Laden and Mullah Omar are dead. When such
conjecture was at its strongest it was reported that Omar had escaped,
unbelievably, on a motor bike. Clearly if both these figures are dead
the justification for continued air strikes by the Pentagon becomes less
plausible.
I would say that keynesian demand management combined
with a good safety net, ample social insurance, and a new
agency that would rapidly resolve business bankruptcies and
redeploy their assets, would solve the underlying problems of
the capitalist system, if I only had a brain.
The problem here
I would say that keynesian demand management combined
with a good safety net, ample social insurance,
and Max I am with you on the fight to preserve and expand such programmes.
and a new
agency that would rapidly resolve business bankruptcies and
redeploy their assets, would solve the
I support anything that I think will make the lives of working people
and the poor (and the working poor!) better than it is now, including
deficit financed job creation, government spending on various social
programs, living wage, etc. I don't believe that these things can end
the business
Jim Devine :
One of the unfortunate legacies of Marx is the confusion between cyclical
crises and bigger, more profound, crises. He seems to have responded to
each
financial panic or business-cycle downturn by writing to Engels about how
it
might open the door to socialism or at least
Indonesian Factory Workers Riot in Malaysia
NILAI, Malaysia (Reuters) - Hundreds of Indonesian workers
from a Malaysian textile factory hurled stones, chairs and
bottles at police on Thursday after officers tried to
detain some of their colleagues suspected of taking drugs.
The violence broke
Paul Phillips:
I further agree that the prospects of SD taming the excesses of
capitalism have been reduced, if not fatally wounded, by
globalism and the legal institutions of globalism that, in effect,
outlaw social democratic reforms.
I have not been following the thread well enough to
--- Original Message ---
From: sf_adam.rm [EMAIL PROTECTED]
To: [EMAIL PROTECTED]
Date: 1/17/02 4:30:03 PM
Thursday January 17 06:28 AM EST
ARGENTINA: Food Emergency as Gov't Begins Capital Flight Inquiry
By Marcela Valente, Inter Press Service
BUENOS AIRES, Jan 16 (IPS) - The Argentine
I took this rather dense paragraph from
http://www.sussex.ac.uk/Units/CGPE/conference/papers/radice.pdf
GLOBALIZATION, STATE FAILURE AND UNDERDEVELOPMENT: IMPERIALISM? by Hugo Radice.
It is an observation which is important at it touches on some critical aspects -
especially important is his
See, The Economic Illusion, by Robert Kuttner of The American
Prospect.
On social dem. anyone bring up the John Stephens studies?
max has mentioned Przewski (never can spell that guys name right,
the Univ. of Chicago academic, Paper Stones, is the title
of one of his studies on socdem.
mat wrote:
I support anything that I think will make the lives of working people
and the poor (and the working poor!) better than it is now, including
deficit financed job creation, government spending on various social
programs, living wage, etc. I don't believe that these things can end
the
Global: Risks to US Corporate Profits Mount in Brazil
17 January 2002
Joe Quinlan/Rebecca McCaughrin (New York) (Morgan Stanley)
The devaluation of the Argentine peso, down over 40% since the one-to-one
peg with the dollar was abandoned, has no doubt added even more strain to
the balance sheets
Rakesh keeps reiterating that deficits represent a serious threat. I don't
agree, even though I believe that Keynesian policy runs in the problems in
the long run.
My own preferred version of the contradiction suggests that a different form
of fictitious capital presents a serious barrier. I
I have a different reading of Marx. He also allows for deflationary crises,
once even suggesting that few individual investors in large fixed capital
ventures rarely, if ever, recoup their outlays.
Romain Kroes wrote:
Jim Devine :
One of the unfortunate legacies of Marx is the confusion
- Original Message -
From: Michael Perelman [EMAIL PROTECTED]
To: [EMAIL PROTECTED]
Sent: Thursday, January 17, 2002 5:43 PM
Subject: [PEN-L:21567] Re: reform and rev
Rakesh keeps reiterating that deficits represent a serious
threat. I don't
agree, even though I believe that Keynesian
[memetically transferred from Doug's listK you out
there? :-)]
The Recession Chic Lie
Michelle Goldberg, AlterNet
January 15, 2002
Viewed on January 17, 2002
When hipsters find themselves without lots of money, its
only natural that
poverty be deemed hip. And it has -- witness the recent
Ian, Marx posited that capitalism would work that way for a while, but
that the contradictions would accumulate and then , but then, it has
not yet happened, except in the USSR, China ...
On Thu, Jan 17, 2002 at 07:15:22PM -0800, Ian Murray wrote:
Hate to be a pain in the neck on this
list moderator michael writes:
Rakesh keeps reiterating that deficits represent a serious threat. I don't
agree, even though I believe that Keynesian policy runs in the problems in
the long run.
I think govts have in fact already found that running deficits the
size that would be needed to
- Original Message -
From: Michael Perelman [EMAIL PROTECTED]
To: [EMAIL PROTECTED]
Sent: Thursday, January 17, 2002 8:07 PM
Subject: [PEN-L:21571] Re: Re: Re: reform and rev
Ian, Marx posited that capitalism would work that way for a
while, but
that the contradictions would accumulate
As Jim D. mentioned, Marx's private predictions were not particularly
accurate -- they included a large dollop of hope. Marxists generally
study Marx for his method, not for his predictions.
Ian Murray wrote:
Ok, but how are his claims any different from the
predictions of other
Michael Perelman wrote:
Ian, Marx posited that capitalism would work that way for a while, but
that the contradictions would accumulate and then , but then, it has
not yet happened, except in the USSR, China ...
If you don't hit it, it won't fall. Mao.
I rather suspect that
[are the computers being hacked to generate contagion...]
In Argentina today, the police raid foreign banks
· Hunt for 'convoy of cash' evidence
· Central banker quits
Jill Treanor, Charlotte Denny and Uki Goni in Buenos Aires
Friday January 18, 2002
The Guardian
Police in Buenos Aires made
Rakesh Bhandari wrote:
I think govts have in fact already found that running deficits the
size that would be needed to achieve full employment would only yield
retrenchment in private investment;
Rakesh, I am not sure how you support the above. Right wingers often
say the same. Does
Regarding what Carrol wrote, Russell Jacoby wrote about how the German
social democrats embraced crisis theory because it offered the comforting
idea that they did not have to do anything -- the economy would fall on
its own.
On Thu, Jan 17, 2002 at 10:43:58PM -0600, Carrol Cox wrote:
NYT
January 18, 2002
A System Corrupted
By PAUL KRUGMAN
Clearly, Larry Lindsey shouldn't have described the Enron
affair as a tribute to American capitalism, and Paul
O'Neill shouldn't have declared: Companies come and go.
It's part of the genius of capitalism. Both the top White
House economist
- Original Message -
From: Ian Murray [EMAIL PROTECTED]
The truth is that key institutions that underpin our
economic system have been corrupted. The only question that
remains is how far and how high the corruption extends.
=
Corporate governance for $500
Top 1% earn as much as the poorest 57%
Larry Elliott and Charlotte Denny
Friday January 18, 2002
The Guardian
The world's richest 50m people earn as much as the poorest
2.7bn and may soon be forced to live in heavily protected
gated communities to escape the resentment of the billions
living
michael writes:
I believe that the slaughtering of captial values gives capital a lot
more room to maneuver than a Keynesian solution -- which I regard as a
temporary fix -- although I am not convinced that the ultimate problem
is deficit financing.
I don't think the ultimate problem is
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