[lbo-talk] Imperial Health

[Carrol Cox]

An interesting (and rather persuasive) article appears in the new NLR,
"Superintending Global Capital" by Leo Panitch & Sam Gindin. Among other
things it links the weakness of u.s. labor to the continuing strength
and vitality of u.s. imperialism. It also strongly suggests that the
balance of trade 'problem' is not a problem but both an index to the
strength of u.s. capital. One nice touch: they suggest that the Bank of
Japan should be regarded as merely the Tokyo branch of the Fed.

Carrol