Africa

Ulhas Joglekar ulhasj at SPAMbom4.vsnl.net.in
Tue Feb 6 09:22:22 MST 2001


Patrick:
> It's the cause! Specifically, at stake is investment that drives up
> the organic composition of capital, in a competitive frenzy, well
> beyond the point that the output can be consumed.

Is there any empirical basis to show that there was an abnormal rise in the
organic composition of capital in East and South East Asia just before the
crisis? And higher rate of surplus value can surely compensate for higher
organic composition of capital? Was the rate of surplus value same or lower
just before the crisis years?

Ulhas






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