[lbo-talk] Superprofits

[Michael Dawson -PSU]

South Korea is a 3/4 Japan.  China is a 1/3.  Let's see if either finishes
making it.  (If China makes it, global ecological catastrophe will follow in
short order, IMHO.)  Beyond these two, nobody else is even within shouting
distance.

Meanwhile, I think if you admit the impact of past plunder and slavery, and
you admit that the world economy is very unlikely to grow fast enough to
permit the flowering of dozens of new Japans what more proof do you need?
Would you argue that the economic position of African-Americans is unrelated
to past slavery and plunder?  Would you argue that more than a comparative
handful of black Americans can solve their own economic problems within the
present economic status quo in the U.S.?  The point is entirely parallel:
Present day status quo "successes" require the perpetuation of inferior
positions created in the past.  Only non-capitalist redistribution of
resources and the substantial ceding of some existing privileges will permit
equality at either level.

And what about this:  If corporate capitalism's normal tendency is to
polarize wealth and incomes within its G7 areas, why would this not also be
true at the global level, where there are even fewer welfare-state
mechanisms to counter the trend?  Of course, it is true, in spades.  How
else does one explain the huge and growing gulf between the haves and
have-nots in the world?

----- Original Message -----
From: "Doug Henwood" <dhenwood at panix.com>
To: <lbo-talk at lbo-talk.org>
Sent: Tuesday, November 04, 2003 2:48 PM
Subject: Re: [lbo-talk] Superprofits


> Michael Dawson -PSU wrote:
>
> >"Our" wealth comes from the normal operation
> >of the world economy, which is now mature, leaving very little or no room
> >for new Japans.
>
> Uh, China? Before that, on a smaller scale, South Korea?
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