Re: capital-savings

[concrete@xxxxxxxxxx (Bradley Mayer)]

Re:
>>From GLOBAL KEYNESIANISM IN THE WINGS by James K. Galbraith

Is this the great son of Galbraith? It appears that sheer nonsense comes
with "extraordinary cheapness" these days. An effect of the "information
revolution"? (A response to this later).

On the other hand, more "Global Keynesianism" (i.e., more state
capitalism), and not "neoliberalism", not only awaits in the wings, but
is already in play as the dominant economic program of imperialism,
albeit often in ideologically contradictory forms such as "privatization"
(a massive state subsidy to capital), due to the reactionary political
climate.  When that climate turns, the same process will no doubt
represent itself as "public enterprise".

By the way, there has been surprisingly little theoretical discussion of
imperialism on the list, especially as a catagory of political economy.
As such it certainly under the heading of Marxism, and would make a
subject both useful and interesting - more so than the discussions
surrounding the LTV and fascism, for which an understanding of
imperialism is an essential theoretical anchor.

                        Brad Mayer


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