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40426 Mandel and Keynes -- rank: 1000

Carl Remick wrote: >OK, I'll play the stooge here: Why is the Establishment being so STUPID >and acting contrary to its own interests? They don't think they are. Doug

Document Size:	4520
Author:	Doug Henwood
Date:	Thu Sep 17 09:58:46 PDT 1998

40427 the nanny bubble -- rank: 1000

[From the October Harper's.] A DOMESTIC INDICATOR >From "Say Hi to the Nanny Bubble," a memorandum sent on July 6 to clients of Morgan Stanley Dean Witter by economic strategist Barton Biggs. Odd things have always happened during stock-market bubbles. Charles Mackay, in Extraordinary Popular Delusions & the Madness of Crowds, tells of the incredible goings-on during the three great seventeenth- and eighteenth-century bubbles, such as when rich speculators fed their horses on go ...

Document Size:	7861
Author:	Doug Henwood
Date:	Thu Sep 17 09:04:19 PDT 1998

40428 Alex Cockburn (was Re: If the shoe fits...) -- rank: 1000

Max Sawicky wrote: >Putting the onus of the father's record on the >son is silly, particularly in terms of the >Stalinist rap. The son inclines towards >Trotskyism, if I read him correctly. Can someone who covertly (and approvingly) quotes from Enver Hoxha's memoirs be a real Trot? Doug

Document Size:	4935
Author:	Doug Henwood
Date:	Thu Sep 17 08:57:55 PDT 1998

40429 Mandel and Keynes -- rank: 1000

Louis Proyect wrote: >Now to answer Rakesh's claim that Mandel made concessions to Keynes. Rakesh >believes that the following is evidence of such a concession: > >"A further important factor should be borne in mind, which has to some >extent been correctly pointed out by the Keynesian school. Money as >purchasing power of monetarily effective demand should not be compared >exclusively with the ongoing flow of commodity production; for it also has >a mobilising effec ...

Document Size:	6855
Author:	Doug Henwood
Date:	Thu Sep 17 08:29:15 PDT 1998

40430 Alex Cockburn (was Re: If the shoe fits...) -- rank: 1000

James Farmelant wrote: >Concerning Alex Cockburn, while I have long enjoyed >reading his commentary I do think that he has a certain >nihilist streak in him probably inherited from his father >Claud. Cockburn says he is a partisan of chaos - whatever increases the level of social chaos is a good thing. That explains his stance not only on Clinton, but his affection for Jerry Brown. He's also said that the late, much missed Andrew Kopkind was a fellow Chaos Party member. Kopkind once ...

Document Size:	5495
Author:	Doug Henwood
Date:	Thu Sep 17 07:50:13 PDT 1998

40431 Deflation -- rank: 1000

John K. Taber wrote: >Somebody mentioned that bond holders might benefit from deflation. >But if corporations are collapsing due to deflation, wouldn't many >bonds become worthless? Not government bonds. We've already seen a widening of the risk premium - the difference between government bond rates and those paid by riskier issuers. It's highly unlikely that a major corporation would default on its bond debt; the danger is in the - and C-rated credits. >I think that the most widely ...

Document Size:	5514
Author:	Doug Henwood
Date:	Thu Sep 17 07:41:12 PDT 1998

40432 pithy quotes -- rank: 1000

In his New York Times column today, William Safire quotes a remark made by Vaclav Havel - once beautifully described by Alexander Cockburn as a "sententious faker" - at his joint press conference with Bill Clinton yesterday: "Better an ill Russia than a healthy Soviet Union." Yesterday's Financial Times had a picture of a graffito on a wall in St Petersburg - "Out of money? Kill a bank director," signed with a hammer and sickle. Doug

Document Size:	4733
Author:	Doug Henwood
Date:	Thu Sep 17 06:16:21 PDT 1998

40433 Brenner on competition -- rank: 1000

JKSCHW at aol.com wrote: >What Hayek failed to realize is >that his attack on central planning is logically utterrly different from his >own promotion of provate property. Why's that? Thought that private property was consistent with decentralized signalling, while planning assumed an impossible omniscience. >Insofar as H is worshipped by libertarians, >he's also unread by them, or they'd find him much less congenial. Why's that? Doug

Document Size:	4958
Author:	Doug Henwood
Date:	Wed Sep 16 20:49:21 PDT 1998

40434 Dissolving Unocal -- rank: 1000

[a followup to the charter thread] Date: Wed, 16 Sep 1998 21:48:20 -0400 (EDT) Reply-To: rob at essential.org Originator: corp-focus at essential.org Sender: corp-focus at essential.org Precedence: bulk From: Robert Weissman <rob at essential.org> To: Multiple recipients of list CORP-FOCUS <corp-focus at essential.org> Subject: Dissolving Unocal MIME-Version: 1.0 X-Comment: To unsubscribe from this list, send the one line message "unsubscribe corp-focus" to "listproc a ...

Document Size:	12114
Author:	Doug Henwood
Date:	Wed Sep 16 19:09:37 PDT 1998

40435 Soros testimony -- rank: 1000

Greg Nowell wrote: >Where can we get the text of this? A version of it was in the Wall Street Journal yesterday. Here it is. Doug ---- Wall Street Journal - September 15, 1998 The Crisis of Global Capitalism By GEORGE SOROS The global capitalist system that has been responsible for our remarkable prosperity is coming apart at the seams. The current decline in the U.S. stock market is only a symptom, and a belated symptom at that, of the more profound problems that afflict the world economy. S ...

Document Size:	12827
Author:	Doug Henwood
Date:	Wed Sep 16 13:06:19 PDT 1998

40436 Brenner on competition -- rank: 1000

Louis Proyect wrote: >I don't know what you mean by open or closed. Right now, 40 percent of the >world's economy is in deep crisis and the ruling class is worried that the >contagion might spread. Did I say anything to the contrary? >(Following critical comments on Keynes, Doug proves my point by failing to >transcend Keynsianism) >>I don't see what choice a socialist has but to support living wage and >>comparable worth legislation and a less cretinous NLRB. But thos ...

Document Size:	12878
Author:	Doug Henwood
Date:	Wed Sep 16 11:46:40 PDT 1998

40437 Greenspan blames debtors -- rank: 1000

Greenspan's yakking before Congress now, saying that the present crisis is mainly the debtors' fault, and that the trouble experienced now by "new participants in the international financial system" will be for their and the world's good in the long term, as they learn from the system's wondrous disciplines (the likes of which haven't been seen in 100 years). Doug

Document Size:	4749
Author:	Doug Henwood
Date:	Wed Sep 16 10:44:18 PDT 1998

40438 Brenner on competition -- rank: 1000

Louis Proyect wrote: >Doug's problem--and I use the word advisedly--is that he has not fully >grasped the seriousness of the situation. My position is that the serious of the situation is not yet proved - that this looks like the greatest risk of a global debt deflation in the last 70 years, but that the case isn't closed. What makes you think the case is closed? >Doug's problem is that he has--without probably understanding it >fully--tried to synthesize Marx and Keynes. I never und ...

Document Size:	14040
Author:	Doug Henwood
Date:	Wed Sep 16 10:37:54 PDT 1998

40439 Russia: walk on the supply side? -- rank: 1000

Comments from the irrepressible supply-sider, Jude Wanniski, posted to Johnson's Russia List. Vlad is Jude's webmaster. >From: "Vlad Signorelli" <vlad at garden.net> >Date: Tue, 15 Sep 1998 >Subject: excerpt from Jude Wanniski > >Following is an excerpt of Jude Wanniski's client letter from Monday, >thought you might find his bullish take pretty interesting. > >RUSSIA >...It actually was bullish news to me that the Duma rejected Boris >Yeltsin's &quo ...

Document Size:	6237
Author:	Doug Henwood
Date:	Wed Sep 16 09:51:11 PDT 1998

40440 research help on socialization -- rank: 1000

[this forward from Michael E bounced] Date: Tue, 15 Sep 1998 11:41:52 -0400 Reply-To: H-Net Labor History Discussion List <H-LABOR at H-NET.MSU.EDU> Sender: H-Net Labor History Discussion List <H-LABOR at H-NET.MSU.EDU> From: seth widgerson <sethw at maine.edu> Subject: Socialization of the Forces of Production To: H-LABOR at H-NET.MSU.EDU Who can help Paul Adler with this interesting query? SW - - - - - - - - - - - - For research I am doing on the history of work ...

Document Size:	6782
Author:	Doug Henwood
Date:	Wed Sep 16 08:40:49 PDT 1998