Cassidy in New Yorker

Doug Henwood dhenwood at panix.com
Sat Aug 15 09:20:36 PDT 1998


Louis Proyect wrote:


>One of the things that I find so extremely interesting about how this
>situation is being discussed in the bourgeois press is that "globalization"
>has disappeared as a descriptive term. All the pundits are trying to make
>the case that the crises are localized. What was only a few years ago the
>buzz-word on everybody's lips has now become extinct. My guess is that
>since bourgeois economics is basically "false science" or ideology, it
>becomes necessary to adjust one's rationalizations to meet current
>situations.

The cover story in the new Business Weak is all about how "technology and globalization" will give us a prosperous 21st century.

This is the same magazine that did a "Death of Equities" cover in 1979, and an "Oh, That Market!" cover in early 1987.

Doug



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