Re: [Marxism] fiasco

["S. Artesian" <sartesian@xxxxxxxxxxxxx>]

This is not exactly accurate.  The 2001-2008 period is marked by two things 
(more than 2 of course, I'm just being selective):  Overall slower growth 
and investment relative to the 1993-2000 period- for example yearly amounts 
spent on private non-residential fixed assets (structures, equipment, 
software) declined in several sectors of manufacturing, mining, 
transportation to levels only 50% of the level of 2000 in 2002 and 2003, 
AND...2) rapid increase in those same amounts between 2004-2006/07 compared 
to the 2001-2003 period, with the increased amounts below  2000,  but 
achieving 75% of that baseline. (BEA Tables from its current survey of 
business).

So we get, in the end, increased overproduction on a reduced scale.

Increased price of oil and dollar depreciation are element of "improved" 
conditions of profit share aggrandizement by the US and not an unintended 
negative consequence of reduced interest rates.   The real estate bubble was 
based on tremendous cash flows generated through the increased profitability 
and reduced investment rates of business.

Agree with what the "returns" of this policy mean for US workers, and 
workers everywhere.


----- Original Message ----- 
From: "Rakesh Bhandari" <bhandari@xxxxxxxxxxxx>
To: <sartesian@xxxxxxxxxxxxx>
Sent: Friday, September 19, 2008 11:42 PM
Subject: [Marxism] fiasco 


________________________________________________
YOU MUST clip all extraneous text when replying to a message.
Send list submissions to: Marxism@xxxxxxxxxxxxxxxxxxx
Set your options at: 
http://lists.econ.utah.edu/mailman/options/marxism/archive%40archives.econ.utah.edu