[lbo-talk] Re: Superprofits

Diane Monaco dmonaco at pop3.utoledo.edu
Thu Nov 6 07:48:42 PST 2003


Bravo Jenny -- well said. Magnifique!

Diane

Jenny Brown wrote:


> I'd like to suggest another possibility, which is that capitalism is
actively
> and aggressively underdeveloping and de-developing the world--the U.S.
> included. Lacking big powerful socialist alternatives, capitalism is
doing what it
> does best in this stage, destroy competition (using bombs if necessary),
> supress production, and generally make all of us poorer (with a shrinking
number of
> increasingly rich exceptions).
>
> Is western prosperity dependent on immiseration of the global south? No,
> western prosperity depended on the upward pressure on wages supplied by
the big
> socialist examples. You could argue that it was precisely that a big
portion
> of what would have been the 'Third World' was mostly not in the capitalist
> orbit that most signally contributed to the development of the west post
WWII.
> High public spending, high manufacturing wages, strong unions, etc.
> Immiseration in the U.S., on the other hand, is dependent upon suppression
of the third
> world, the second world, and everyone else.



More information about the lbo-talk mailing list