[lbo-talk] "Clash of Civilizations, or Capital Accumulation?" by Jonathan Nitzan and Shimshon Bichler

[Doug Henwood]

Bryan Atinsky wrote:


>5. Global dominant capital is rather happy to see inflation in the offing.

I think Nitazn & Bichler are right about oil prices, but "dominant 
capital" isn't necessarily happy about it. It's great for the oil 
industry, but it sucks for autos, airlines, finance, and retail. The 
Dow wouldn't be down 122 points right now if dominant capital were 
happy.

Doug