A New video:
For the 1st time after nearly 50 years, the facts
about the CIA led coup against Prime Minister
Mohammad Mossadegh is told by ex-CIA officers
and western politicians. A rare look at the
history and CIA's involvement in toppling foreign
governments:
Has anyone seen _Inside Afghanistan_ and _The Black Tulip_, both
directed by Bruce Pacho Lane (his resume is at
http://www.docfilm.com/RESUME.htm)? Info on _Inside Afghanistan_
is available at http://www.docfilm.com/inside.htm, and _The Black
Tulip_, at http://www.docfilm.com/tulip.htm. I
Greg Scoflield has raised interesting issues. I am more pessimitic than he.
But there are some optimistic predetermined milestones. If one defines a
democratic socialist society as one moving in the direction of equality of
citizenship and equality of human rights then, from the Declaration of
Just because companies have monopoly power and owe
their power (property rights and all) to the state,
doesn't mean that market mechanisms have become
unimportant. Markets serve as a serious constraint on
the choices open to the directors of almost any
company. This is why I ask what you mean by
The insurance case is on the table now. There is an
interesting column today in the Post by Warren Buffet;
his company sells insurance and lost a few billion last
month.
He makes what to me is a persuasive point that the
costs of some disasters exceed the total capitalization
of the industry,
Max's example of insurance is on the spot. Originally, as I understand it,
insurance began with shipowners sharing risks among themselves. In this
way, though individual shipwreck could destroy a prosperous shipowner.
With the great fire of London of 1666, early capitalist business took note
The Vanishing Act
By BOB HERBERT
November 19, 2001
he U.S. unemployment rate rose sharply in October, to 5.4 percent, the biggest jump in
five years.
In New York, which is suffering the effects of a terrorist attack in the midst of an
economic downturn, some 80,000 jobs were lost in
There's some scintillating information on the front
page of today's WSJ on responses to the recession.
mbs
For the economists among us: how much does industrial production have to
fall before the US is ineligible to be called an industrialized country? :-)
Dave
--
Monday, November 19 2001
Plunging energy prices caused consumer prices to drop 0.3 percent in
October, the Bureau of Labor
Max, what are you talking about? all I can see is that there's a more
positive attitude toward government provision of public goods. How is this
scintillating? Please don't be so obscure. --Jim Devine
-Original Message-
From: [EMAIL PROTECTED] [mailto:[EMAIL PROTECTED]]
Sent: Monday,
from the NYTimes (website 19/11):
Several hundred Pakistani fighters are also
believed to have sought
refuge in Kunduz, including relatives of some
powerful clerics, this
intelligence official said. Saving them could
improve
No but I want to know how the planes ever managed to leave.
mbs
Is there anyone in the world who imagines that airplanes could fly into
and out of this besieged terrorist stronghold without the explicit and
deliberate approval of the highest US command authorities?
Shane Mage
Thunderbolt
Richardson_D wrote:
For the economists among us: how much does industrial production have to
fall before the US is ineligible to be called an industrialized country? :-)
Boswell, James. 1934-64. Life of Johnson, 6 vols. (Oxford: Oxford University
Press).
ii, p. 464: Very little business
someone recently posted an article by lessig on the end-to-end design
of the internet and how the violation of that principle by emerging
technologies is a disturbing trend (from the perspective of innovation
etc). i responded with some thoughts and mentioned the resurgence of
the end-to-end
At 19/11/01 10:06 -0800, you wrote:
Max's example of insurance is on the spot. Originally, as I understand it,
insurance began with shipowners sharing risks among themselves. In this
way, though individual shipwreck could destroy a prosperous shipowner.
With the great fire of London of 1666,
Anthony D'Costa wrote:
As starters I suggest reading
Pranab Bardhan's The Political Economy of Development in India (the most
recent edition). A slim and yet a very powerful book.
thanks for this (and other) pointers. i ordered the above book and
received it friday. it was a gripping
Chris, the Dutch led in financial innovations of all kinds. Annuities
preceded insurance, I believe. Shipping insurance preceded fire
insurance.
Fire insurance was considered to be a public service. Ben Franklin worked
on introducing fire insurance in Pennsylvania, I believe -- working from
http://www.irmi.com/expert/articles/klein002.asp
Another historical gem, this time from the International Risk Management
Institute again courtesy of Google.
This is the comment on the author of Marx's second footnote in Capital, and
links up with Michael's point about fire insurance:
Barbon was a fascinating character, who made a fortune in rebuilding
London. He also wrote economics tracts which support a subjective theory
of value
On Mon, Nov 19, 2001 at 11:59:00PM +, Chris Burford wrote:
http://www.irmi.com/expert/articles/klein002.asp
Another historical
Actually Fred I owe you and others on the list an apology. I used the term market
loosely, when I should have used the phrase free market. The exchange of goods under
any conditions is a market otherwise exchange-value could never be realisied.
However, the free market where producers compete
Socialisation and socialism with good reason are seen as similar propositions.
The tendency within capital for the approrpriators to appropriate one another leads to
greater and greater socialisation of production quite apart from the role that the
working class may play politically.
Class is
I do not disagree with W.-Robert Needham on the progressive nature of much of the best
that defines the UN.
The UN, despite all things that can be said against it, stands as clarifying
institution in many regards. One its primary charter derived from the real aspirations
of the millions who
John Ryan, Afghanistan: A Forgotten Chapter, _Canadian Dimension_
(November/December 2001) at
http://www.canadiandimension.mb.ca/v35/v35_6jr.htm.
Ellen Meiksins Wood, War Without Boundaries, _Canadian Dimension_
(November/December 2001) at
http://www.canadiandimension.mb.ca/v35/v35_6ew.htm.
It should be interesting, but it should not be taken as buttressing
various conspiracy theories. It has been an open secret from the very
beginning (even boasted of by some of its participants) that the CIA
arranged the coup. One of my basic objections to conspiracy theories is
that they confuse
Gunder Frank thought that you might be interested in his comments on Jay
Moore's post.
Jay Moore [EMAIL PROTECTED] writes in a-list on 16th November
and
ANDRE GUNDER FRANK quotes and comments:
If the IMF is right, a global economic recovery could start sometime
around the middle of
A programme broadcast on Irish tv implies that it was Regis Debray that betrayed
Che Guevara and not the artist. We see a tv team trying to interview a very
uncomfortable Debray over the issue. He was quite uncooperative to say the
least.
Karl Carlile
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