Re: [Pen-l] rallying behind the hegemon

To: Progressive Economics <pen-l@xxxxxxxxxxxxxxxxxx>
Subject: Re: [Pen-l] rallying behind the hegemon
From: Doug Henwood <dhenwood@xxxxxxxxx>
Date: Fri, 20 Feb 2009 20:57:27 -0500


On Feb 20, 2009, at 4:55 PM, Gernot Koehler wrote:

While mass unrest / class struggle may be feared by the G20, it has not materialised yet in any major way. Reminiscent of Churchill - at the time of greatest danger everybody was rallying behind him. How this rallying behind the hegemon fits into socialist theory, I don't know.

I don't know about socialist theory, but who at this point can mount a credible challenge to the U.S.? China now admits that it has no choice but to buy U.S. Treasuries. It's like John Connally all over again - it may be our credit crisis, but it's your problem.

Doug
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References:
- [Pen-l] rallying behind the hegemon
  - From: Gernot Koehler

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Thread context:
- [Pen-l] introductory critiques of neoclassical microeconomics, Maxim Linchits Sat 21 Feb 2009, 05:29 GMT
  - Re: [Pen-l] introductory critiques of neoclassical microeconomics, Eugene Coyle Sat 21 Feb 2009, 14:07 GMT
  - [Pen-l] Re: introductory critiques of neoclassical microeconomics, Michael Nuwer Sat 21 Feb 2009, 17:57 GMT
- [Pen-l] rallying behind the hegemon, Gernot Koehler Fri 20 Feb 2009, 21:26 GMT
  - Re: [Pen-l] rallying behind the hegemon, Doug Henwood Sat 21 Feb 2009, 01:29 GMT
  - Re: [Pen-l] rallying behind the hegemon, Carrol Cox Sat 21 Feb 2009, 02:31 GMT
  - Re: [Pen-l] rallying behind the hegemon, Doyle Saylor Sat 21 Feb 2009, 06:29 GMT
    - Re: [Pen-l] rallying behind the hegemon, Carl Dassbach Sat 21 Feb 2009, 13:23 GMT
      
      Re: [Pen-l] rallying behind the hegemon, Doyle Saylor Sat 21 Feb 2009, 15:08 GMT

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