Re: [Marxism] fiasco

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

Need to amend something, when I state the price of oil did not weaken the 
economy, I mean it did not do so automatically, immediately, or 
unilaterally.  The original price increase of 1999 served to hyper-inflate 
the economy and was part of the response to a fall in return on investment 
indicative of the prior period of overproduction and over-accumulation.

The post 2002 recovery, accompanied by war and a resumption in the increase 
in the price of oil was accompanied by restored profitability based on 
reduced investment, increased fixed asset consumption, reduced labor.  2005, 
2006 see a jump in fixed asset spending, another peak in return on 
investment and... the stage is set for the hyperinflation of oil prices, 
with its usual impact on auto, airline, and transportation industries.


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