Doug Henwood wrote:
> The profit upturn over the last 15 years has been pretty impressive, and
> it's strong evidence that Anwar Shaikh is right about the U.S. being in an
> up K-wave.
The problem I have with K-waves is that there is no more evidence that they exist than that you get showers in April. I read Patrick's piece but I still don't believe in it. What's happening in the US is the flipside of what's not happening elsewhere and anyway is influenced, I think, by the ongoing rewards from winning the Cold War. Just where is the technology for a new K-upswing? The Net? Give me a break.
Mark