RE: Re: RE: Re: Re: Gold

["David Shemano" <dshemano@xxxxxxxxxx>]

Jim Devine writes:

(The previous email in response was sent prematurely).


<<I think one problem is that you seem to assume that capitalism is merely a
bunch of mutually-beneficial exchanges between individuals. This misses the
class and expansionary nature of capitalism.>>

Where did this come from and what does this have to do with the topic at
hand?  This discussion originated in response as to why oil prices gyrated
so dramatically since 1971.  I suggested that it was because Nixon severed
the gold link in 1971.  That answer may be empirically right or wrong, but
the rightness or the wrongness is not dependent on what I assume capitalism
is or is not.

David Shemano