[lbo-talk] Re: working class?

joanna 123hop at comcast.net
Tue Oct 18 09:23:57 PDT 2005


Doug Henwood wrote:


>> No. Just different, with different material interests. Just to pick
>> one: a rentier is more concerned with keeping inflation down, while
>> an industrial capitalist would prefer (if given a choice) a higher
>> rate of growth. A rentier would prefer a high currency value, and a
>> capitalist a lower one. But since these are intra-family quarrels,
>> the differences are rarely profound.
>
Which argues that we've been in a rentier era for the last 25 years? I mean, it just seems that differences are not profound in terms of who rules, but the rentier model would be harsher on the working class.

??

Joanna


>>



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