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6466 [lbo-talk] Marx without quotation marks -- rank: 1000

On Apr 1, 2009, at 3:36 PM, Miles Jackson wrote: > Let's put Foucault's point bluntly: the purpose of the prison system > is to create criminals and expand various social practices and > discourse to "control" criminality. As far as I can see, the U. S. > prison system is a wonderful case study that illustrates Foucault's > point. I find this a seductive explanation, but just how does it happen? Did Nixon sit down and plan it out when he unleashed the war on crime? And ...

Document Size:	5277
Author:	Doug Henwood
Date:	Wed Apr 1 12:48:44 PDT 2009

6467 [lbo-talk] how a non-market economy would work - WAS Re: socialistresponse to hayek -- rank: 1000

On Apr 1, 2009, at 2:35 PM, Carrol Cox wrote: > Sweezy's insight is crucial here: There cannot be a scienceof a > socialist society because science can only be carried out by experts, > and a socialist society must be a democratic society (in the original > sense of democracy: rule by the _demos_). So socialism would mean the end of the division of labor?

Document Size:	5388
Author:	Doug Henwood
Date:	Wed Apr 1 11:52:51 PDT 2009

6468 [lbo-talk] how a non-market economy would work - WAS Re: socialist response to hayek -- rank: 1000

On Apr 1, 2009, at 1:32 PM, SA wrote: > Cockshott and Cottrell published a book in 1994, _Toward A New > Socialism_, where they laid out how this system works in detail. I > just went back and re-read/re-skimmed it. It really is a remarkable > work. Do they address the "how do we get there from here?" issue? Or is it all just a thought experiment? Doug

Document Size:	5420
Author:	Doug Henwood
Date:	Wed Apr 1 11:05:26 PDT 2009

6469 [lbo-talk] moral finance -- rank: 1000

[ha ha ha] <http://www.breakingviews.com/2009/04/01/Moralist%20manifesto.aspx?sg=features > The Moralist Manifesto BY EDWARD HADAS Moralist manifesto: Finance is not usually associated with questions of good and evil. The last few months have been something of an exception, at least for some politicians. It has become fashionable to blame greedy bankers for the ongoing financial crisis. But that is little more than name-calling. The best way to ward off future crises is through serio ...

Document Size:	10639
Author:	Doug Henwood
Date:	Wed Apr 1 08:59:28 PDT 2009

6470 [lbo-talk] Marx without quotation marks -- rank: 1000

On Apr 1, 2009, at 10:49 AM, Alan Rudy wrote: > I just realized... I'm kinda frustrated by the state of everything > today... Only today? I feel like that every day!

Document Size:	4732
Author:	Doug Henwood
Date:	Wed Apr 1 08:07:28 PDT 2009

6471 [lbo-talk] Bank? matress? bank? matress?..... -- rank: 1000

On Apr 1, 2009, at 10:47 AM, Carrol Cox wrote: > Just how certain are you that this is (simply) a financial crisis and > not a crisis of world over-capacity? It's one of those too - it's not purely a financial crisis, though that's how & where it started. But overcapacity is also a deflationary force. Doug

Document Size:	4980
Author:	Doug Henwood
Date:	Wed Apr 1 08:06:49 PDT 2009

6472 [lbo-talk] Notes on an Orientation to the Obama Presidency -- rank: 1000

On Apr 1, 2009, at 10:15 AM, Chris Doss wrote: > BTW I'm about 99% sure that King would have voted for Obama. ;) As did I. But as I said long ago, he's basically just another mainstream Dem with a sleazy real estate guy in his past. What annoys me is when people get excited that he's something other than that. Doug

Document Size:	5056
Author:	Doug Henwood
Date:	Wed Apr 1 07:52:01 PDT 2009

6473 [lbo-talk] Bank? matress? bank? matress?..... -- rank: 1000

On Apr 1, 2009, at 12:20 AM, Joanna wrote: > If Geithner's plan is as much of a piece of thuggery as it appears, > and if it all revolves around additional burden on FDIC, what is the > likely outcome for the banking system? > > Kiss your FDIC protected assets (bank account) goodbye? > > High inflation? > > Extreme austerity? (no govt money except for finance?) My bet is austerity, as I've been arguing on my "blog." Most financial crises have been disinflatio ...

Document Size:	5320
Author:	Doug Henwood
Date:	Wed Apr 1 07:10:06 PDT 2009

6474 [lbo-talk] Adolph Reed on the politics of the crisis -- rank: 1000

On Sep 30, 2008, at 6:43 PM, shag quoted Adolph Reed: > third party candidacies are really the same as not voting, just more > costly and time-consuming God, I love Adolph. Doug

Document Size:	4889
Author:	Doug Henwood
Date:	Tue Sep 30 17:45:07 PDT 2008

6475 [lbo-talk] the unshown clip -- rank: 1000

<http://www.politico.com/blogs/jonathanmartin/0908/In_reintroduction_Palin_to_do_more_interviews_and_tell_her_story.html > Of concern to McCain's campaign, however, is a remaining and still- undisclosed clip from Palin's interview with Couric last week that has the political world buzzing. The Palin aide, after first noting how "infuriating" it was for CBS to purportedly leak word about the gaffe, revealed that it came in response to a question about Supreme Court decisions. A ...

Document Size:	5324
Author:	Doug Henwood
Date:	Tue Sep 30 14:28:56 PDT 2008

6476 [lbo-talk] House rejects bailout -- rank: 1000

On Sep 30, 2008, at 4:04 PM, Marvin Gandall wrote: > True, but isn't it a matter of how the money is spent and on whom? > Only > seven of the cases in the IMF study centrally involved the purchase of > assets rather than recapitalization in exchange for an equity stake > or a > takeover. Buying assets is inferior to injecting equity into institutions, no doubt about that. That was a major flaw in the Paulson plan. Using the FDIC might be a backdoor way of doing equity infusio ...

Document Size:	5758
Author:	Doug Henwood
Date:	Tue Sep 30 13:20:38 PDT 2008

6477 [lbo-talk] Kucinich on money -- rank: 1000

On Sep 30, 2008, at 3:19 PM, boddi satva wrote: > Karl Marx, after all, was a goldbug. If you stop at vol. 1, yes.

Document Size:	4578
Author:	Doug Henwood
Date:	Tue Sep 30 12:33:07 PDT 2008

6478 [lbo-talk] ABC: opinion on bailout mixed, most fear rejection will worsen downturn -- rank: 1000

On Sep 30, 2008, at 4:18 PM, John Thornton wrote: > Doug Henwood forwarded: >> Nonetheless, as noted, voters divide on the plan itself ¬ using up >> to $700 billion to shore up failing financial institutions with >> 45 percent in favor, 47 percent opposed. (Contrary to the vote >> pattern in Congress, support is higher among Republicans, 55 >> percent, than Democrats, 42 percent.) Registered voters narrowly, >> by a 6-point margin, think the plan would hav ...

Document Size:	6238
Author:	Doug Henwood
Date:	Tue Sep 30 12:32:42 PDT 2008

6479 [lbo-talk] House rejects bailout -- rank: 1000

On Sep 30, 2008, at 2:45 PM, Michael Pollak wrote: > Unfortunately this is wrong, because the first sentence is wrong. > None of the banks runs we've experienced so far have anything to > with deposit funding. They are a problem of investment funding. And > that's not covered by the FDIC and can't be. No. In a database of 124 systemic banking crises assembled by two IMF economists, about half the countries had deposit insurance. Deposit insurance is not enough to cure a crisis. Cu ...

Document Size:	5221
Author:	Doug Henwood
Date:	Tue Sep 30 11:57:24 PDT 2008

6480 [lbo-talk] Kucinich on money -- rank: 1000

On Sep 30, 2008, at 2:13 PM, Joseph Catron wrote: > On Tue, Sep 30, 2008 at 1:46 PM, <dredmond at efn.org> wrote: > > Let's nationalize the Citicorps and JP Morgans of this >> world, and turn them into community-run credit unions! > > > Why keep private exchange? How many feet should we keep on the ground in this thread? Doug

Document Size:	4948
Author:	Doug Henwood
Date:	Tue Sep 30 11:25:52 PDT 2008