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

[martin]

Toyota is straining to keep up with demand for hybrid vehicles. All of 
the other auto majors seem to be following suit. The circumstances that 
are precipitating this sea change might well have similar effects on 
other 'saturated' sectors of the consumer economy.

Martin

On Aug 6, 2004, at 11:53 AM, Doug Henwood wrote:

> 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.