Tom Lehman
Michael Yates wrote:
> I am reading the summer double issue of Monthly Review, titled
> "Capitalism at the End of the Millenium: A Global Survey." It looks
> like another excellent issue. So far I have read two very interesting
> articles. The first is by Ellen Meiksins Wood, "Unhappy Families:
> Global Capitalism in a World of Nation States," which makes the point
> that the nation state has throughout the history of capitalism been the
> handmaiden of capital accumulation and is not about to disappear from
> the scene, transcended somehow by globalization.
>
> The second is by Doug Henwood, "Booming, Borrowing, and Consuming: The
> US Economy in 1999." This article is filled with illuminating
> statistics of great use to those interested in the long US boom and in
> dismantling the silly notions of mainstream commentators that this boom
> is without precedent (in terms of real growth, though it is unique in
> speculative mania) and spells the beginning of permanent prosperity. I
> am going to be teaching in a union summer school in two weeks, and I
> will certainly copy some of the tables and use Doug's analysis of them
> in the class. I'll try to report back on what the students thought
> about them.
>
> I encourage list members to get a copy of this issue. Other articles
> cover Sub Saharan Africa, Japan, Western Europe, Russia, Latin America,
> and Asia.
>
> michael yates