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Re: [Pen-l] The Depression: A Long-Term View
- To: "Progressive Economics" <pen-l@xxxxxxxxxxxxxxxxxx>
- Subject: Re: [Pen-l] The Depression: A Long-Term View
- From: "Jim Devine" <jdevine03@xxxxxxxxx>
- Date: Sun, 2 Nov 2008 07:50:10 -0800
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ken hanly wrote:
> The new system will be the results of an infinity of individual pressures. What sort of nonsense is that. I do not see any evidence that the present crisis is leading to a new system that is not capitalist. At most it will lead to some changes in existing capitalism involving regulation of financial markets globally if possible and more government involvement as a means of bailing out or hospitalizing ailing parts of the system until they recover and handed back to private profiteers.
> There certainly seems no difference in the US political system. Everything is framed in terms of the two capitalist parties and the same illusions are sold about change and the same bipartisan imperialist foreign policy espoused by both parties.<
Right. Instead of an "an infinity of individual pressures," what's
needed is concentrated collective pressure.
--
Jim Devine / "Nobody told me there'd be days like these / Strange
days indeed -- most peculiar, mama." -- JL.
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