On Fri, Nov 30, 2001 at 11:42:05AM -0500, Dennis wrote:
> This from Raimondo's latest:
>
> "The leftist dogma that it doesn't matter which wing of the 'ruling class,' the capitalists, wins out in the end is refuted by this reality. Capitalism, per se, doesn't breed war: indeed, laissez-faire requires quite the opposite. And don't think the ordinary capitalist profits from war: this privilege is reserved for those with the right government connections.
> "The very real economic harm done by war - the cost in wasted wealth, as well as wasted lives - could pull the US, already mired in a sharp recession, into a full-fledged depression. The stock market is not going to like World War III - and neither will most Americans once they realize that all this talk about nothing ever being the same again means economic catastrophe. The Vietnam War drained the life out of the US economy during the late sixties and early seventies, and the financial shock of a prolonged Mideast conflict could well be far worse. In the end, the markets are vehemently antiwar - a phenomenon that must mystify Noam Chomsky to no end."
>
> Doug, others -- comments?
>
> http://www.antiwar.com/justin/justincol.html
>
> DP
>
-- Michael Perelman Economics Department California State University Chico, CA 95929
Tel. 530-898-5321 E-Mail michael at ecst.csuchico.edu