Re: [Pen-l] Has Paul Krugman been reading Lenin?

["Jim Devine" <jdevine03@xxxxxxxxx>]

Louis Proyect wrote:
> I was especially struck by the Keynes quote: "The inhabitant of London could
> order by telephone, sipping his morning tea in bed, the various products of
> the whole earth … he could at the same moment and by the same means
> adventure his wealth in the natural resources and new enterprises of any
> quarter of the world."

I think that Keynes was exaggerating, perhaps unintentionally, perhaps
as a result of his Anglocentrism. I don't think a resident of the US
or Germany at the time had the same experience of internationalization
that Keynes did before WW1. England -- i.e. London -- was the hegemon
of the time (complete with formal colonies all around the world) while
the US and Germany were rising imperial powers (challenging the UK),
just as colonialist in orientation as the UK but with more
nation-centric economies.
-- 
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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