[Marxism] Slow motion recession

S. Artesian sartesian at earthlink.net
Thu Jul 3 14:11:54 MDT 2008


OK by me-- don't know that I have much to add right now, but I'm sure 
opportunities will arise later.
----- Original Message ----- 
From: "Steve Palmer" <spalmer999 at yahoo.com>
To: <sartesian at earthlink.net>
Sent: Thursday, July 03, 2008 3:56 PM
Subject: Re: [Marxism] Slow motion recession


> Obviously I think US and Europe are much more evenly matched than you do. 
> Let's
> keep throwing our $0.02 in and see where this thing goes.
>
> Steve
>
> --- "S. Artesian" <sartesian at earthlink.net> wrote:
>
>> Steve,
>>
>> I am not "bullish."
>>
>> Relatively, US capitalism is stronger; is the lynchpin of international
>> capitalism.  That is my point.
>>
>> Profitability of US corporations is greater than that of Asian and 
>> European
>> counterparts.
>>
>>  This does not mean that the US has learned to "defeat the business 
>> cycle,"
>> is "immune" from crises, or does not experience declines, contractions,
>> recessions.
>>
>> It does mean Japan will not, "Europe" (which doesn't exist as a single
>> economic unit) will not,  the BRICs, will not supplant the US as that
>> lynchpin.
>>
>> Yes, profits have declined, are declining, and will continue to decline--
>> but I was referencing a "longer term view" regarding relative strengths 
>> of
>> US, Japan, and EU capitalism.
>>
>> Again, I was discussing relative strength-- I am no partisan of the 
>> eternal
>> invulnerability of US capitalism.
>>
>>
>>
>> ----- Original Message ----- 
>> From: "Steve Palmer" <spalmer999 at yahoo.com>
>> To: <sartesian at earthlink.net>
>> Sent: Thursday, July 03, 2008 12:28 PM
>> Subject: Re: [Marxism] Slow motion recession
>>
>>
>>
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>
>
> "I study a lot. That is one of the responsibilities of every 
> revolutionary." Hugo Chavez.
>
>
>
>
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