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

dredmond at efn.org dredmond at efn.org
Wed Apr 21 13:25:45 PDT 2004


On Wed, 21 Apr 2004, Doug Henwood wrote:


> 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.

I'm quite serious. The total system isn't about military force in the sense of a monarch giving orders, or an executive committee issuing policy. The economic is what is hegemonic. Economics created the US Empire -- it outproduced its military and non-military competitors -- and now economics taketh away.

-- DRR



More information about the lbo-talk mailing list