Re: AUT: Fictitious Capital

[pmargin@xxxxxxxxxxxxx]

I'd like to second Adrian's query ...

Adrian Wilding wrote:
>
> Does anyone have any thoughts about the recent spate of 'accountancy
> scandals' (Vivendi in Europe, Enron and WorldCom amongst others in the
> US), and how this has sent the stock markets if not into a crash, then
> into what some economists are predicting as an extended chronic decline.
> Clearly speculation on the stock market is speculation on future
> surplus-value extraction, and so individual capitals posting inflated
> profits are distorting capital-in-general's ability to predict it's own
> future accumulation. But can we relate the present crisis of finance
> capital more directly to cycles of struggle?


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