[lbo-talk] Superprofits

dredmond at efn.org dredmond at efn.org
Tue Nov 4 16:51:38 PST 2003


Quoting Michael Dawson -PSU <mdawson at pdx.edu>:


> Barring a radical
> global redistribution of purchasing power, new Japans can only emerge at the
> expense of the G7 powers, who all labor to ensure that this won't happen,
> not least through the IMF.

The Eurobourgeoisie may be poised to create that purchasing power, by co- financing Eastern Europe, ramping up EIB lending, and flooding the world-system with liquidity. The ECB says eurozone monetary growth is sailing along merrily, at 8% per annum. If this is so, then larger industrial countries like Brazil, India and Russia may have a fighting chance in the 21st century.

-- DRR



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