Re: Social Imperialism [DMS]

[Paul Cockshott <clyder@xxxxxxxxxx>]

Nicholas Siemensma wrote:

> dms wrote:
> > While these are very important questions-- let me
> > ask two of my own:
> >
> > What portion of total US corporate profits are
> > derived from overseas
> > operations?
> >
> > Of this portion, what percentage is derived from
> > operations in Latin
> > America, Africa, the Caribbean and underdeveloped
> > Asia?
>
> David, I didn't know that I asked any questions!  To
> answer yours: I hope it's not somewhat of a cop-out to
> protest against the quantification of this problem.

I think it is a copout.
The quantification is a serious issue. I dont know the answer
to the question he asks, but I think one should also look at
the persistence of a trade deficit, which represents a net inflow
of value in the us. Part of this derives from seigneurage, but
it is a pretty massive subsidy of the US economy




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