Re: needs

["Charles Brown" <CharlesB@xxxxxxxxxxxxxxxxxxxxx>]

>>> michael.keaney@xxxxxx 12/04/00 08:56AM >>>
Hi Ken

One of the interesting bi-products of our deregulated, "liberated"
post-Thatcher world is just how relevant the analyses of older critics like
Marx and Veblen have become once again. Jim Cypher wrote an excellent
chapter for volume 2 of Paul Dale Bush's festschrift (published by Edward
Elgar in 1998) on how Veblen's analysis of "Absentee Ownership", having been
neglected owing to its apparently anachronistic treatment, was now more
relevant than before given the dismantling of all the regulatory apparatus
constructed precisely to prevent the inherent instabilities of the market
(the subject of Michael P.'s excellent book). So, yes, there's some rich
yields to be mined in "traditional" marxism.

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CB: Yes, and neo-liberalism is in part possible because of the end of the Soviet Union. So, our situation becomes , ironically, more like the world of Marx , Engels and Lenin, with no socialist country able to challenge and balance the capitalist world.  In this regard, old Marx , Engels , Lenin are new again.

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