Re: world monopoly

[glevy@xxxxxxxxxxxxxxx]

  Will Brown:
  -----------
> Jerry says:
>
> <Individual nation states have an effective mechanism for the control of
> firms>
>
> Is this true....it seems to me that most states
> are vulnerable to TNC's saying...'if you don't
> make our life sweet we'll go somewhere else'.
>
> If the national states are so powerful vis a vis
> international capital...why don't they do something
> about unemployment?
>
  Jerry
  -----
  Nation-states can enact laws and have the means (for the most part) to
  enforce those laws,  unlike the international organizations that I was
  referring to. Those  nation-states have sovereignty which allows them
  to chart a policy  somewhat independently of the global interests of
  capital.  This was the  point I was trying to make, perhaps, I should
  have made it more clearly.

  Yes, it is also true that while nation-states can make laws there are
  also limitations as to the effectiveness of those laws as it relates to
  TNC's. However, the capitalist state could do something about "capital
  flight" if they wanted to (like nationalizing the holdings of the firm
  in their own nation). This, also, would be a policy which would have
  its limitations and TNC's and other nation-states could be able to
  retaliate in one way or another.

  Regarding unemployment, the state is limited in what it can do in the
  following way: it can influence unemployment and create jobs (through
  fiscal and monetary policy, for instance), but it can not *control* the
  capitalist accumulation process. Ensuring full employment isn't merely
  a question of passing laws but is a goal (if it is selected) which the
  state can not guarantee because they can not guarantee what will happen
  in the course of the international accumulation of capital.



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