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40486 Rose's stratification poster -- rank: 1000

Max Sawicky wrote: >I don't know if he was in URPE. >I do know that he is a hip, >progressive dude. Hip? How retro. Don't you know that hip is dead, Max? Doug

Document Size:	4628
Author:	Doug Henwood
Date:	Tue Sep 8 11:55:32 PDT 1998

40487 And now for Gore? -- rank: 1000

Brad De Long wrote: >I would agree with you were it not for the fact that in the broad Latin >America (and Africa, and India) have done so badly in relative (and, in the >case of Africa, absolute) terms since 1960 and East Asia (and southern >Europe) have done so well. Import substitutions appears to be death to >growth. Or, more accurately, import substitution pursued so far as to make >it very difficult to import capital goods appears to be death to growth >(East Asians gr ...

Document Size:	5678
Author:	Doug Henwood
Date:	Tue Sep 8 11:50:37 PDT 1998

40488 And now for Gore? -- rank: 1000

Brad De Long wrote: >So now the left tries to keep the developing economies of the world as poor >as possible--lest they pollute? Speaking for this leftist, I think it'd be far better if the human and physical resources of the so-called Third World were devoted first to feeding, clothing, housing, and educating Third Worlders, rather than competing to serve foreign markets. I'm not arguing for autarky by any means, but export orientation is a colonial economic strategy. It turns my stomach ...

Document Size:	4965
Author:	Doug Henwood
Date:	Tue Sep 8 08:02:49 PDT 1998

40489 Rose's stratification poster -- rank: 1000

Brad De Long wrote: >Oh excellent... who is the publisher going to be? The New Press will publish the revised edition of Steve Rose's income distribution poster. Doug

Document Size:	4618
Author:	Doug Henwood
Date:	Tue Sep 8 07:27:27 PDT 1998

40490 the meaning of money -- rank: 1000

pms wrote: >I don't grasp the currency thing. Why does the dollar decline because >Greenspan says he might cut interest rates. I would think that would mean >that anyone who wanted into Tresaries would snatch them now...are currency >values connected to the bond market? Do people like Soro's actually buy >money or is it a country's bonds that get bought. All other things being equal (and when are they, really?), lower interest rates mean that capital will leave a country in sear ...

Document Size:	6148
Author:	Doug Henwood
Date:	Tue Sep 8 07:00:24 PDT 1998

40491 State of Working America, 1998-99 -- rank: 1000

Max Sawicky wrote: >> P.S.: I have a big wall chart called "The Structure of Social Inequality" >> of the U.S. income distribution. It's now a decade out of date. >> Do you know if anyone's updated it?> > >If you're talking about the one by Steve Rose, >a buddy of mine, I'm not sure but I will find >out and get back to you. It's still sold at >Kramerbooks in D.C. I'm catching up on 750 messages, so someone may have answered this already. But if not, ...

Document Size:	5221
Author:	Doug Henwood
Date:	Mon Sep 7 14:55:37 PDT 1998

40492 leave of absence -- rank: 1000

Off to celebrate the anti-Mayday holiday. Back on Monday, comrades. Doug

Document Size:	4372
Author:	Doug Henwood
Date:	Fri Sep 4 17:26:27 PDT 1998

40493 credit card -- rank: 1000

Greg Nowell wrote: >She said that 42% of all cards are now being paid off >monthly, up from 29% a few years ago, that the growth >in credit card debt had slowed from something like 15% >to 3%, and that credit card bankruptcies had declined >to a minimal fraction. Consumer credit growth has slowed from 6-7% a year in early 1997 to 3.7% in June, but the ratio to after-tax income is only a sliver off the all time high. And bankruptcies are at record levels (relative to population), a ...

Document Size:	4887
Author:	Doug Henwood
Date:	Fri Sep 4 15:54:39 PDT 1998

40494 brenner -- rank: 1000

Patrick Bond wrote: >> From: "christian a. gregory" <driver at nervm.nerdc.ufl.edu> >> ... he seems to bank on the notion of competition as >> a way of describing the historical evolution of economic fields--of the >> "progress" of forces of development--but doesn't, from what i can tell, say >> a whole lot about the tendency toward monopoly that subtends that... > >Why is this necessarily true? The ability of capital to > ...

Document Size:	5527
Author:	Doug Henwood
Date:	Fri Sep 4 14:58:01 PDT 1998

40495 misc -- rank: 1000

Greg Nowell wrote: >Is this list archived? I have all the posts in a Eudora mailbox. As for something more automated...Jordan? Doug

Document Size:	4341
Author:	Doug Henwood
Date:	Fri Sep 4 12:32:16 PDT 1998

40496 mj article -- rank: 1000

[Since I pointed folks to the Salon article on Mother Jones, it's only fair to forward fired editor Kerry Tremain's response.] Mime-Version: 1.0 Date: Fri, 4 Sep 1998 09:41:41 -0700 To: ktremain at earthlink.net From: Kerry Tremain <ktremain at earthlink.net> Subject: mj article This is a response to an article at http://www.salonmagazine.com/media/1998/08/24media.html > >Dear editor, >Ashley Craddock, who wrote "Will Mother Jones become more politically >correct?" (M ...

Document Size:	18228
Author:	Doug Henwood
Date:	Fri Sep 4 11:47:53 PDT 1998

40497 serpents in the garden -- rank: 1000

James Devine quoted some dude from Williams writing in the LAT: >But the world economy of the >late 20th century is vastly different from that of Keynes' time, and >Malaysia is highly dependent on foreign investment and global finance. Here's Keynes himself, from the opening pages of The Economic Consequences of the Peace: "The inhabitant of London could order by telephone, sipping his morning tea in bed, the various products of the whole earth, in such quantitiy as he might see f ...

Document Size:	6607
Author:	Doug Henwood
Date:	Fri Sep 4 11:38:04 PDT 1998

40498 "Socialist policies will be revived" -- rank: 1000

Carl Remick wrote: >Re Louis's quote from the WP: "... the dangers to capitalism shouldn't >be >exaggerated. So far, most of the government interference, including >Malaysia's, has been limited to the markets for money." > >The beauty part of this limited intervention is its potential to cause a >TOTAL change in social psychology. Now that the high priests of >"respectable" economics have ruled it's legitimate for governments to >meddle in the mar ...

Document Size:	5779
Author:	Doug Henwood
Date:	Fri Sep 4 11:01:31 PDT 1998

40499 Raising the Bar -- rank: 1000

Brad De Long wrote: >The fear is that the flow of finance *through* Wall Street--from investors >through financial intermediaries and then out the other side in the form of >capital available to businesses to boost their capacity--is about to come >to a screeching halt. You mean like the fact that 1/3 of AOL's revenue comes from advertisements by money-losing companies who are spending their IPO proceeds? >The idea is that reductions in interest rates will make firms more willing ...

Document Size:	6029
Author:	Doug Henwood
Date:	Fri Sep 4 10:47:52 PDT 1998

40500 Summers on the crisis -- rank: 1000

Brad De Long wrote: >> Q But we didn't offer them concrete help for their economic >>emergency today, correct? >> >> DEPUTY SECRETARY SUMMERS: Yes. > >This is really depressing. $4 trillion spent over two generations to defend >America from the Commies, and total aid to Russia and the successor states >since Gorbachev's change of course amounts to... what? $40 billion in cash >terms from all of NATO? 1%? Why is this inconsistent? The idea was to ...

Document Size:	4989
Author:	Doug Henwood
Date:	Thu Sep 3 18:17:46 PDT 1998