>>>
So what's gonna happen when the next recession comes (which should be
pretty soon, I think) in the USA?
Doug never tires of reminding us that the US economy is, yes, doing quite nicely, but the post-70s recovery + recent boom of the US economy has been mainly manufactured by removing stabilizers both on the consumption front (union busting, the 'welfare reform,' high indebtedness, etc., that is, beating back workers) and on the state regulation front (e.g. deregulation of the financial sector), right?
And suppose the next recession in the US will conincide with giant economic and political turmoils in Asia + Russia? >>>
This is what I was wondering about when I wrote a while ago:
>>> "Charles Brown" <charlesb at CNCL.ci.detroit.mi.us> 05/04 1:53 PM >>>
Lets say the U.S. stock market crashes.
The result could be fascism in the U.S
(Gingrich and Buchannan say). without
organization of millions of people for an alternative to
capitalism, I dare say now.
Are pensioners the most likely working class victims of such a crash ? Whatever strata will feel the impact most, how do we reach them now with a proposal that the answer to the crash is a radical new way of thinking about their government and "business" ? Left,not right.
Is the unprecedented U.S. stockmarket
bull based in part on U.S. based corporations'
domination of the leadership of the new transnational dictatorship of the bourgeoisie allowing especially the U,S, stockmarket and economy to somehow forestall longer than in the past the classic Marxist crisis of overproduction?
Somehow the U.S. has shifted the crisis to other regions, in the newly more fully integrated world market, and avoided its own inevitable hit. Pox (that's with an "o") Americana.
Will the crisis, when it comes, be as unprecedented in size as the boom has been ? If yes, Uhhhooohhh. We better be ready with a theory, program (including constitutionl amendments ) and song; and
e-mail - talkshow -record and videotape
NETWORK to catch all those upset people. The revolution will not occur automatically. How about
"We , the People, hereby forgive ourselves the national debt " as one slogan ? We the People owe the banks $ 4 trillion ? I don't think so.
Charles Brown
Detroit