parthasarathy kalalesrinivasaranga wrote:
>
> This is just the globalisation of capital. Marx says it is the destiny
> of Capital to globalise. This is also the stage when political
> imperialism arises in defence of its capitalist base. Any reform of
> capital needs to answer this challenge. How capital would not lead to
> imperialism and how communism would not lead to low or no growth. The
> solution is one of finding just distribution without leading to
> stagnation in growth. That is on a global scale and not merely inside
> US.
Growth is a core part of the evil of capitalism.
Socialism must find a way either of stopping growth (probably necessary for human survival) or of slowing growth to the point at which change becomes imperceptible.
Carrol