Re: Another perspective on globalization: IMF''s fours steps to

["Alan G. Isaac" <aisaac@xxxxxxxxxxxx>]

On Thu, 3 May 2001, Ian Murray wrote:
> Marx was asking the right question in his address in Brussels in 1848, when he wrote:
> "Gentlemen! Do not allow yourselves to be deluded by the abstract word freedom. Whose
> freedom? It is not the freedom of one individual in relation to another, but the
> freedom of capital to crush the worker.

Oh sure, this pins down the rough stylized fact of labor's constant
share of GDP in the major capitalist economies with amazing foresight.
Right.

The truth of the matter is that the fate of the working class under
capitalism is almost the reverse of Marx's economic (as opposed to
sociological) predictions.  And yet when it comes to developing
countries, some people want to haul out the same failed 19th century
predictions for equally misguided but (in the light of historical
experience) much less excusable reuse.

Alan Isaac