[lbo-talk] question on poverty and world bank's PPP

Doug Henwood dhenwood at panix.com
Thu Mar 18 16:50:42 PST 2004


jeffrey fisher wrote:


>On Wednesday, March 17, 2004, at 07:03 PM, uvj at vsnl.com wrote:
>>
>>>is there any reason why it
>>>*should* be as >bad as when the first world was developing, whether it is
>>>or isn't?
>>
>>No. It doesn't have to be as bad as when the first world was developing.
>>There is, however, a POV which is dismissive of the development in the "Third
>>World" and is inherently incapable accepting that such a development has
>>taken place.
>>
>
>that honestly didn't even occur to me, which is why i didn't understand.

There's a line popular among some self-identified Marxists (like you-know-who) that capitalism has exhausted its productive/developmental potential, and that perpetual immiseration is now the norm.

Doug



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