[Fwd: Social democracy betrayed -- Le Monde diplomatique]

[Brad De Long]

>How big is bigtime? What fraction of Swedish welfare expenses are
>profits extracted by Swedish multinationals outside the first world?
>
>Order of magnitude will do.
>
>--
>Enrique Diaz-Alvarez            Office # (607) 255 5034
>Electrical Engineering          Home #   (607) 272 4808
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Order of magnitude estimates... Zero.

*Perhaps* Volvo exploits Americans by selling them cars and collecting
surplus value. *Perhaps* Sweden exploits Germans by selling them iron ore
and collecting surplus value. But Swedish trade with (and investment in)
countries outside of the industrial core is small...

Brad DeLong