rate of return on capital
Ulhas Joglekar
uvj at vsnl.com
Wed Apr 17 07:11:54 PDT 2002
From: Doug Henwood <dhenwood at panix.com>
> Carrol Cox wrote:
> >It is also why capital (if not destroyed) will destroy the human
> >species.
>
> The only thing wrong with this quasi-syllogism is that the marginal
> return in the developed nation is >0%, which is why about 2/3 of FDI
> goes to developed countries (and the remainder is concentrated in
> only about 10 "developing" countries). So while capitalism may
> destroy the human species, this isn't sufficient proof.
I agree with Doug, but why "developing" is in inverted commas?
Ulhas
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