War, Deflation, and the Three Bears

Dennis Robert Redmond dredmond at efn.org
Sun Sep 29 16:20:27 PDT 2002


On Sat, 28 Sep 2002, Yoshie Furuhashi wrote:


> Capital has civilized North America, Western Europe, and East Asia.
> That's a small patch of the earth, though, within which much of
> capital circulates.

Multinational capitalism is much more tightly integrated, both economically, culturally and politically, than its 19th century predecessor; even rural Afghanistan has its share of Gameboys and cellphones. The global media culture has spawned toxic consumerism, but also allowed wondrous films from China and Iran to emerge; urbanization has rescued billions of people from harsh, miserable existences in oppressive and brutally patriarchal villages; marketization has done appalling things to human beings, but also created the preconditions for the democracy and human rights movements now sweeping the globe. This is a dialectical contradiction, not a simplistic moral one.

-- Dennis



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