[lbo-talk] Israel, Ireland, and South Africa

[Patrick Bond]

----- Original Message ----- 
From: "Doug Henwood" <dhenwood at panix.com>>
> Near-0 growth rates (you keep saying the official stats overestimate 
> growth, and the official stats are pretty dismal) and low rates of 
> investment do not signify accumulation in any significant way. SA capital 
> has fled for London listings, no? If there were significant accumulation 
> going on, capital would be flowing into SA, and it's not.

Oh it certainly flows in from Africa to South Africa, and then a large share 
goes out again to London. Some of it sticks in the form of financial 
services expansion and real estate speculation; come visit once the baby's 
able to travel, and you'll see glitter above the rot. Offlist will send a 
couple of 'scripts with the evidence.