No Megalomania in Capitalism (was Re: seth & defusing korea

[Michael Hoover]

> Unifying the two Koreas on capitalist terms should help the ruling 
> class, I think.  A large number of North Koreans will be left to fend 
> for themselves in the labor market, pushing up the unemployment rate. 
> Downsizing North Korean megalomania (= bloated employment & 
> inefficient production, making goods that could be far more cheaply 
> produced elsewhere) in favor of greater profits.
> Yoshie

lbo-ers who have expressed so much concern for/about NK should be pleased 
to hear about current 'developments': Fiat & company owned by Rev. Moon
investing in auto plant, Japanese/US/SK consortium building light-water 
nuclear reactors, Hundai building multi-billion dollar industrial park, 
embassy opened in Rome & consulate in HK, likely Australian, Canadian, 
French investment, interest in joining ASEAN & APEC.

One of first things to go will probably be NK's film industry. DPRK has 
film industry?  Yep, as folks attending Udine Film Festival in Italy 
found out recently.  Of course, what was once called socialist realism 
has long been relegated to status of propaganda in West (Hollywood, on 
other hand, churns out 'entertainment' and 'escape', no propaganda there).  
Screening of eight NK films is part of country's opening to 'outside' 
world.  Themes include 'model worker' romance and socialist martial arts 
(based on life of Korean Robin Hood, Hong Kil Dong).    Michael Hoover