> Alexander Nekvasil wrote:
>
> >Capitalism is not healthy in our day. It runs on
> >simulated growth
>
> So the U.S. doesn't really have a GDP of $11 trillion?
> It's all a simulacrum? Baudrillard would be impressed.
The $11 trillion of GDP is as real as $11 trillion, or a GDP, can get. Just a significant part of it is an anticipation of future value creation that might not take place, or will only take place if and when a new, and sustainable, regime of accumulation is found.
Sell before you buy, sell before you produce, consume before you earn: that's what a modern credit system can do for you. If the s-word repels you, you can call it "risk", like the mainstreamers do.
The Baudrillard thing I'd very much like to battle out with you. _Le_Miroir_ is atop my reading list currently, so I am looking forward to an inspiring exchange in a few week's time.
cheers AN