Kagarlitsky on US crash

[Doug Henwood]

One rather worrisome side-effect of all the corporate scandals is 
that people are concluding that profits are all an accounting 
artifact. They're not. A few companies have committed massive fraud, 
and most massage their numbers - but big capital is still very 
profitable, and it's not all a scam. Well it is in the sense that 
capitalism is organized crime, as the t-shirt says, but within the 
context of the system, surplus value is still extracted in huge 
quantities.

Doug