Re: RE: Re: Re: Speaking of volatility

[Doug Henwood <dhenwood@xxxxxxxxx>]

Mark Jones wrote:

> Doug Henwood:
> >  Once again, I have to remark on how weird it is that a bunch of
> >  friends of the working class are getting all excited about the
> >  prospects for recession, which means the disemployment of millions
> >  and lower wages for everyone else. Does the ghost of Andrew Mellon
> >  lurk over PEN-L?
>
> I hope we can raise the level of debate above this.

Actually I think it's quite relevant to the intellectual and
political marginalization of left political economy - it has no
analytical vocabulary for talking about "good" times, and overtly or
covertly roots for crisis to do the hard political work of
discrediting capitalism. It's temperamentally doomy and gloomy, and
therefore has little emotional appeal to an audience broader than a
hardy band of miserablists.

Doug