[lbo-talk] a history of capitalist success models

[KJ]

On 11/28/05, Yoshie Furuhashi <furuhashi.1 at osu.edu> responding to Sujeet:
> 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.  :->

You sure about "progressively gone down"? I think that'd be hard to
maintain, by the usual measures; not even for Indonesia pre-1998.

What seems to be the case, however, is that crises intervene, with the
outcome of keeping them in line. Not suggesting a conspiracy, but an
observation of the outcome of crises. Now supported by a couple of IMF
(or is it WB?) working papers showing that the "recovery" is not
really a recovery in the sense of a return to the trend line, but a
"recovery" to a lowered trend line.

kj