[lbo-talk] Aspect ofIndia'sEconReport:TheRealStateofIndia'sEconomy

Doug Henwood dhenwood at panix.com
Wed Apr 21 09:31:28 PDT 2004


Dennis Redmond wrote:


>They don't need the US to be a global gendarme anymore. They have the euro
>instead.
>
>The ECB is mightier than the Pentagon.

You've got to be kidding. What is the ultimate backing of money if not the force that keeps the social hierarchy together? Otherwise, it'd just be brightly colored paper.

Doug



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