[Marxism] [Pen-l] Convert to the Drachma – Piece of Cake. Right… | naked capitalism

Andrew Pollack acpollack2 at gmail.com
Thu Jul 16 07:24:44 MDT 2015

Yes, the upcoming battles are key, and it's no mystery where they will
come. For instance see quote from linked article below.
But Louis's logic STILL argues against a revolution anywhere, anytime. As
the country with the most, and most complex, IT systems, a socialist
revolution in the US would by his logic be forever impossible.
This brings us to the "productivity paradox," i.e. the decades-old
conundrum of why computerization hasn't transformed the economy the way
railroads and then auto did.
The answer is simple: IT is not used to rationalize, simplify, and make
more efficient the economy. It's designed to sell more goods, both consumer
and IT business systems. (It
That's why, for instance, nurse unions point out that successively more
complex healthcare IT systems - which DO capture more and more patient data
- DON'T mean higher quality or safety in healthcare (whereas higher nurse
staffing WOULD). Yet hospitals (including my own) are always competing with
each other to get the newest, biggest systems - and when the conversion is
made it requires countless (wasted) person-hours.

"One could read on a banner deployed before the Parliament: “No to
privatizations, let us save the ports, DEI (national electricity company),
the hospitals”."

On Thu, Jul 16, 2015 at 8:41 AM, Louis Proyect via Marxism <
marxism at lists.csbs.utah.edu> wrote:

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> On 7/16/15 8:20 AM, Marv Gandall via Marxism wrote:
>> Is the suggestion here that all of the peoples in the eurozone are
>> trapped in it because the technical problems of converting to a
>> sovereign currency are intractable, or is there something special
>> about the technological structure of Greek capitalism?
> Absolutely not. But all this talk about Tsipras should have come up with a
> "plan B" while he was in these intense negotiations with the eurozone bigs
> is nuts. As I have repeatedly tried to explain, converting to a new
> currency requires a full project life-cycle implementation just as it did
> moving from a drachma to the euro. I have been involved with 5 such massive
> projects during my career so I can guarantee you that it would take Greece
> or any other euro-based nations a full 3 years to effect a change. As Doug
> pointed out, such a declared intention would have consequences of capital
> drain.
> In any case, the challenge is more political than technical at this point.
> We have a left developing in Greece today out of the disaffected Syriza
> members, Antarsya and the KKE (not that these people are capable of working
> in a united front). As I urged a FB friend yesterday, the focus should be
> on what's next and not on what just happened.
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