[PEN-L:27376] Re: Re: LTV and income disparity

["Ulhas Joglekar" <joglekarulhas@xxxxxxxxxxx>]

Chris Burford :

> Of course. But I would expect to set that in a more general framework of
an
> understanding about different classes and strata, their alliances and
their
> differences, and their contadictory relationship with the main forces in
> the world.

I agree, but I thought we could take such generalities for granted.

> If no one thinks there is a problem that the third world is getting
> progressively poorer in relative terms, then no theory will help at all.
> Indeed any theory will be quite superfluous and misleading. But I >think
the evidence is that the disparities are intensifying and I can see a >broad
general reason related to Marx's law of value.

I am not against theory, but sweeping generalisations need to be avoided.
Can Chris Burford provide any empirical support to suggest that LDCs are
becoming poorer in relative terms? Or is this simply an inferrence from the
Law of Value?

Ulhas