Re: [Marxism] Eight Theses on the Economic Crisis

[brad bauerly <bbauerly@xxxxxxxxx>]

Sorry, I sort of started this string and then alot fell on my plate and I
have been unable to keep up.  I will try and get some more detailed
responses out this evening.

S. Artesian (and everyone else)- I agree about the problems of long term
FROP analysis (Brenner, Foster and Magdoff) on both empirical and
theoretical grounds.  Moseley claims mid-2006 was not only the peak rate of
profit for the recent era but also for the whole last century.  If that is
true then a couple of questions follow:  First, can this really be claimed
to be the cause of the crisis and not a symptom.  Second, what role did the
commodities bubble play in both causing the FROP and/or how did the FROP in
manufacturing cause the bubble. Third, how is it related to what you said
about the resolution of the 2001 almost crisis.  Lastly, is there a way to
stitch together an analysis that would include the changes in finance
to FROP theory.  How did the developments of finance alter the possible
options of capital going forward from the mid-1990's (or earlier) to feed
into the crisis potential which ultimately led to the situation we are in
now (for surely this is not just another FROP crisis but is much bigger in
breadth and depth).

TTFN,

Brad


-- 
Brad A. Bauerly
PhD Candidate,
Political Science
York University
Toronto, Canada
647-345-2072
bauerly@xxxxxxxx
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