[lbo-talk] Leninist/Maoist Finance?

Wojtek Sokolowski sokol at jhu.edu
Fri Jan 6 10:35:26 PST 2006


Cmde. Boddi:


> The essential thing is where the money
> came from. It came from a state

Huh? What state prints is not worth the paper on which it is printed when it is not backed by the product produced by labor. Money in Eastern Europe, like in any other country on Earth, came from labor - state (in EE and elsewhere) merely issued certificates of the value produced by that labor.

Wojtek



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