[lbo-talk] a history of capitalist success models

[Yoshie Furuhashi]

Sujeet Bhatt sujeet.bhatt at gmail.com
Thu Nov 24 03:53:31 PST 2005
<snip>
> > The idea implicit in my post is this: At a time when the image of
> > India being promoted (and the opinion available) both internally and
> > abroad is one of a neo-capitalist economic boom (an image that
> > serves Western conservatives quite well), alternate viewpoints and
> > data provide a more nuanced picture.
>
> I am not sure what 'neo-capitalist' means. Nor am I certain that  
> the interests of Western conservatives, whoever they may be, are  
> best served by projecting India as a vibrant modern economy rather  
> than a country of elephants and snake charmers. Today's world is  
> far too complex to fit into these simple patterns of causation.

Each period of post-WW2-boom capitalism found its model of ascendant  
capitalism, hyped by some (who tout it as an example that other  
nations ought to emulate) and feared by others (who worry about trade  
deficits).  It was once Japan.  Then it was the "Asian Tigers."  Now  
it's China and India. What is noteworthy, though, is that the  
standard of capitalist success, measured by the wellbeing of the  
population of the model capitalist nation featured by the media, has  
progressively gone down.  :->

Yoshie Furuhashi
<http://montages.blogspot.com>
<http://monthlyreview.org>
<http://mrzine.org>