----- Original Message ----- From: <dredmond at efn.org>
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
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Um, you got a set of algorithms that can crash the global financial system the way the Pentagon has a set of algorithms for ending terrestrial life?
Oh, and please don't tell us you've bought the liberal separation of the political from the economic.......
Ian