Re: [Marxism] Debates about the declining American empire (reformattedfor the archives)

["rrubinelli" <rrubinelli@xxxxxxxxxxxxx>]

I would invest anywhere and everywhere I could get the best rate of
return-- "rate of profit" --- and I wouldn't care if it was in producing
disposable diapers in the US,  or in a closed-end index mutual fund in
France,  or in soy production in Bolivia.

The composition/decomposition of the GDP into categories tells us
nothing about the level of profits in those categories or the "strength"
of the economy.  It does tell us something about the relative level of
development of the economies.  As economies, capitalist and
"non-capitalist," i.e. fSU, former Comecon, develop agriculture
contributes less to GDP.  Industrial production contributes more... to a
point, and then as the productivity of labor grows, more and more the
economic activity becomes service oriented.

If you take China's reported GDP and look at its per year growth,  as a
quantity not a percentage, as a gross amount, and compare that with the
similar quantity of the US's reported growth, you will see that the mass
of growth is greater in the US-- the combination of a larger economy
with higher volumes, not rate, of growth puts the  "China Overtakes US"
headlines where the belong-- in the garbage can.

The "decline of the American empire" is a myth.

rr


----- Original Message -----
From: "Sabri Oncu" <soncu@xxxxxxxxxxx>
To: <marxism@xxxxxxxxxxxxxxxxxxx>; <a-list@xxxxxxxxxxxxxxxxxxx>
Sent: Friday, March 10, 2006 11:03 PM
Subject: [Marxism] Debates about the declining American empire
(reformattedfor the archives)


Here is another table I was able to put together and it is for the year
2001. This table is about the decomposition of GDP of the
countries/regions
mentioned below into the so-called components by percentage value added
by
agriculture, goods and services:



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