Blair, WTC, economy, Israel

Carl Remick carlremick at hotmail.com
Sun Oct 7 15:14:27 PDT 2001



>From: James Heartfield <Jim at heartfield.demon.co.uk>
>
>The WEEK
>ending 7 October, 2001
>
>EXTENSIVE GROWTH BELIES FINANCIAL PANIC
>
>Gloomy predictions of world recession have accompanied the jittery
>financial markets since 11 September. The advanced Western economies
>have a strong bias to activity in these speculative financial markets
>and they are as a consequence very susceptible to their unstable mood
>swings. But the pessimistic analyses, taking their cue from the
>financial markets, are missing the sure foundations of continued growth.
>Victory in the Cold War opened up much of the world to capitalist
>penetration. Without the barrier posed by radical nationalist movements,
>capital has been free to create new points of production in East and
>South Asia, and Latin America ...

... contributing to excess capacity, no? Plus, what about the lunatic overinvestment in telecom and dot-coms? What are you, James, a supply-sider?


>ISRAEL: OUT IN THE COLD
>
>... Jews, too, find themselves dying in
>camps behind barbed wire and gun towers, only this time they built them
>for themselves.

Pronouncements that the age of irony is dead are premature.

Carl

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