The Doctrine of Inevitability

Dennis R Redmond dredmond at OREGON.UOREGON.EDU
Mon Aug 31 23:00:47 PDT 1998


On Mon, 31 Aug 1998, Doyle Saylor wrote:


> Max you presuppose that the EU, US, and Japan will cooperate over
> injecting liquidity into their states to get the economies moving.
> Japan has been dragging its feet and continues to. Might it be in their
> interest to watch the US go down the drain? Etc. in terms of
> competition between the continental powers?

Hmm, well, considering that the US owes the EU and Japan a net trillion bucks or so, and considering the extensive foreign investments of EU and Japanese firms here, they'd have more to gain from bailing us out (for a suitable fee, to be sure). In general, the new metropoles have pursued more cooperative and less cannibalistic policies towards their semiperipheries than the US Empire, so it's likelier than not that the ultimate result of the Bubble Bust will be rockbottom interest rates worldwide -- just the thing to spark off another long boom, come to think of it.

-- Dennis



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