Henwood's theis, was Re: Immanuel Wallerstein

christian a. gregory pearl862 at earthlink.net
Tue Sep 7 19:26:03 PDT 1999


I think the point here is to note how frequently "crisis" gets invoked without any specificity, with the implicit or explicit hope that disaster will also bring historical redemption for the left. It does matter what kind of a crisis you're talking about (a currency crisis, a profitability crisis, a banking crisis, solvency crisis, etc.), when and where such things originate, and how capital responds. To be wary of the term isn't to believe that capital has never been in crisis. It is to believe that we should be a little less ready to jump up and down at the first signs of economic disaster. You gotta ask, "crisis for whom?"

Christian



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