[lbo-talk] a history of capitalist success models

[andie nachgeborenen]

Doesn't that depend on which "Tiger"? Tawian,
Singapore, and Hong Kong are doing tolerab;y well in
terms of social welfare. is my understanding. A lot of
the success of each model has to do with the extent of
US investment in the country -- Japan and Taiwan were
heavily subsidized by the US, Singapore and Hong Kong
by the British. India, and at a lower level, Thailand,
Malayasia, Indonesia, not.  I wouldn't write off India
if China, btw, both are undergoing primitive
accumulation, but I expect both to attain first world
living standards in a generation, as good as US
levels, which of course continue to deteriorate here.

--- Yoshie Furuhashi <furuhashi.1 at osu.edu> wrote:


> 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>
> 
> 
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>
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> 

		
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