[lbo-talk] Who's winning - or does it matter ?

[andie nachgeborenen]

Depends on which theories you are talking about. He
predicted the existence of global markets, for one.
And the persistence of inequality, exploitation, and
alienation.  He also predicted the persistence of
economic crises, although he doesn't have a fully
developed theory of why they persist, and several
popular interpretations ("the tendency of the rate of
the profit to fall," for example) are highly doubtful.
For a good and to mt mind largely sound Marxist crisis
theory, see Robert Brenner's recent work on the Boom &
the Bubble the global turbulence of the world economy.
There's also a useful book by a certain Doug Henwood,
After The New Economy, which might repay reading,
despite the fact that he's officially been branded as
"scum" by the WSJ.

--- martin <mschiller at pobox.com> wrote:


> I can't read marx, but I'd like to know if his
> theories have proven 
> accurate with regard to today and the global
> markets.
> 
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