Re: [Pen-l] US slowdown or global depression?

["Jim Devine" <jdevine03@xxxxxxxxx>]

On Fri, Apr 18, 2008 at 6:18 AM, Marvin Gandall
<marvgandall@xxxxxxxxxxxx> wrote:
>  As a result certain Marxists, including Peter Taaffe, Lynn Walsh, Robert
>  Brenner - and now Hillel Ticktin in the Weekly Worker - have asserted that
>  this is the deepest crisis that capitalism has faced in decades, one that
>  poses the potential possibility of a repeat of the 1930s great depression.
>  Ticktin says: "The question at the moment is not really whether there is a
>  downturn. It is clear that is the case. The question is whether there is a
>  depression - and I think there is." And he adds, apocalyptically, that the
>  "system itself could disintegrate".

FWIW, Joseph Stiglitz didn't disagree very much at all, except with
the last point.

-- 
Jim Devine / "Segui il tuo corso, e lascia dir le genti." (Go your own
way and let people talk.) -- Karl, paraphrasing Dante.
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