[PEN-L:11208] Re: Capital and the State

[Terrence Mc Donough <TERRENCE.MCDONOUGH@xxxxxx>]

Bill B wonders if competitive austerity and the "high productivity"
strategy could be different forms of national capitalist competition.
The problem with this is that they are more evidently different forms
of competition between national working classes.

Nevertheless Bill's emphasis on the continuing relationship between
capital and nation states is constructive.  Capital is still
integrated with other social structures in different ways in
different localities and hence not completely "global" in its
effects.

Terry McDonough