Marshall Plan for Balkans?

Doug Henwood dhenwood at panix.com
Thu Apr 15 08:30:40 PDT 1999


Chris Burford wrote:


>All money is funny. It has fetishistic power. Whatever its units, its
>exchange value is a proportion of the total social labour of the economy,
>in this case the global economy.

So if there's only an issuance of SDRs, and nothing else changes - no alterations in the structure of social labor - in Africa, then you've just printed money. No you haven't even done that, since SDRs are purely notional, and lack the substantiality of printed currency even.

Doug



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