[lbo-talk] Petrostate and labour

Doug Henwood dhenwood at panix.com
Thu Apr 14 16:24:07 PDT 2005


Tom Walker wrote:


>It was about you being right because I made some kind of mistake.

Not really, though I suspect you'll accuse me of compounding the offense by denying it. I think it's pretty big news that China is more energy-efficient than the US. Most Americans wouldn't believe it.

And I think PPPs are the right exchange rate to use, since we're talking use value, not exchange value, and the market yuan-dollar rate is ridiculous.

Doug



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