Re: [Pen-l] The Depression: A Long-Term View

["Jim Devine" <jdevine03@xxxxxxxxx>]

it's the end of capitalism as we know it!  But since capitalism is
always changing and creating previously-unknown situations that's
typical if not universal. I'd be surprised if the system stayed the
same for any length of time.

On Sun, Nov 2, 2008 at 8:39 AM, Carl Dassbach <dassbach@xxxxxxx> wrote:
> This is a crisis of regulation (ala Aglietta).  A new mode of regulation.
> for sustaining the extended reproduction of Capital is one possible
> consequence.  Obviously, there are others but I personally doubt we will see
> the end of the capitalism (as a political economy).  Wallerstein has been
> predicting the "end" for too long to be taken seriously.  If you are always
> predicting the "end," sometimes it will appear as though you are correct.
> Concentrated and directed pressure towards what????
>
> Jim Devine wrote:
>>
>> 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.
>>
>
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-- 
Jim Devine /  "Nobody told me there'd be days like these / Strange
days indeed -- most peculiar, mama." -- JL.
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