[Marxism] more liberal wisdom on oil

Ruthless Critic of All that Exists ok.president+marxml at gmail.com
Sat Jun 28 11:07:14 MDT 2008


On Sat, Jun 28, 2008 at 12:32 PM, Rakesh Bhandari <bhandari at berkeley.edu> wrote:

> Yet there has been no spike in the rate of growth in China and India; the
> rate of growth has been strong for quite some time. So how does the
> constant annual rate of growth explain a sudden spike in the price of a
> raw material like iron ore

Maybe a "tipping point" has been reached? Some kind of phase
transition. That could be an explanation.




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