<div>On Nov 19, 2006, at 7:43 PM, Mike Ballard wrote:<BR><BR>> Do any of the the money measurements: M 1, M 2, and so on tell a <BR>> person the amount of use values (good and services) produced in any <BR>> given time frame?<BR><BR>No. That's roughly what GDP is - the total value of goods and <BR>services produced within a nation during a year (or quarter, <BR>typically expressed at an annual rate). I say roughly because it <BR>includes some things, like missiles and jail construction, you might <BR>not think of as a use value, and excludes household-produced items <BR>and depreciation of the natural environment.<BR><BR>Doug<BR>*********************************************</div> <div> </div> <div>Cheers Doug! Am I right in assuming that the GDP measures goods and services which have been sold, which are found to be use values within the context of capitalist class domination e.g. the $8 billion a month
being spent on the occupation of Iraq?</div> <div> </div> <div>Oh and as for Friedman and friend of mine kind of summed up the matters which his kind of political economy made useful:</div> <div> </div> <div>Milton Friedman leaves a legacy of free-market policies that whipped inflation, beat the <SPAN id=lw_1164061817_3 style="BORDER-BOTTOM: #0066cc 1px dashed">Soviet Union</SPAN>, liberated <SPAN id=lw_1164061817_4 style="BORDER-BOTTOM: #0066cc 1px dashed">Chile</SPAN> , brought capitalism to <SPAN id=lw_1164061817_5 style="BACKGROUND: none transparent scroll repeat 0% 0%; BORDER-BOTTOM: #0066cc 1px dashed">Poland</SPAN> , and set free the markets for everything from labor to saving and loans. Oops did I mention the dreaded S&L crisis? </div> <div class=MsoNormal><FONT face=Arial size=2><SPAN style="FONT-SIZE: 10pt; FONT-FAMILY: Arial"> First, inflation. Monetarist policies tamed
inflation, the claim goes. How about the 30+ year stagnation of real wages, while productivity nearly tripled? The dreaded wage-price spiral was ended by massive government interference that included putting PATCO union officials in jail. Reagan’s Dept. of Labor was the most business friendly in history, until W’s. </SPAN></FONT></div> <div class=MsoNormal style="TEXT-INDENT: 0.5in"><FONT face=Arial size=2><SPAN style="FONT-SIZE: 10pt; FONT-FAMILY: Arial">Beating the <SPAN id=lw_1164061817_6 style="BORDER-BOTTOM: #0066cc 1px dashed">Soviet Union</SPAN> . These guys talk like they beat Notre Dame. Internal economic contradictions beat their economy, not a phony arms race with the U.S. It was the U.S. that spent itself into the toilet, and again, that would be massive state interference, right? Let’s not to mention starting the mess in <SPAN id=lw_1164061817_7 style="BORDER-BOTTOM: #0066cc 1px dashed">Afghanistan</SPAN> and the invasion of numerous countries—state
interference at the most primitive level. </SPAN></FONT></div> <div class=MsoNormal style="TEXT-INDENT: 0.5in"><FONT face=Arial size=2><SPAN style="FONT-SIZE: 10pt; FONT-FAMILY: Arial">Liberated <SPAN id=lw_1164061817_8 style="BORDER-BOTTOM: #0066cc 1px dashed">Chile</SPAN> and privatized their social security? Murdered Chilean labor leaders and busted unions? These guys actually brag about that. Like <SPAN id=lw_1164061817_9 style="BORDER-BOTTOM: #0066cc 1px dashed">Afghanistan</SPAN> , the blowback from that bullshit continues, except that it’s in the form of populist elected officials all to eager to realign with China . Again, massive state interference in establishing a fascist state under Pinochet. </SPAN></FONT></div> <div class=MsoNormal style="TEXT-INDENT: 0.5in"><FONT face=Arial size=2><SPAN style="FONT-SIZE: 10pt; FONT-FAMILY: Arial">Eastern <SPAN id=lw_1164061817_10 style="BORDER-BOTTOM: #0066cc 1px dashed">Europe</SPAN> no longer has the <SPAN
id=lw_1164061817_11 style="BORDER-BOTTOM: #0066cc 1px dashed">Soviet Union</SPAN> hanging around, but since the liberation kleptocracies have ruled from the <SPAN id=lw_1164061817_12 style="BORDER-BOTTOM: #0066cc 1px dashed">Balkans</SPAN> to the Baltic. Many people have lost everything, pensions, healthcare, jobs, but at least they have capitalism, as their former states de-interfere with the economy by letting entrepreneurs walk off with everything in sight. </SPAN></FONT></div> <div class=MsoNormal style="TEXT-INDENT: 0.5in"><FONT face=Arial size=2><SPAN style="FONT-SIZE: 10pt; FONT-FAMILY: Arial">Deregulation has made the nearly $1 trillion (2006 dollars) S&L crisis commonplace. Utilities like PG&E in <SPAN id=lw_1164061817_13 style="BORDER-BOTTOM: #0066cc 1px dashed">Calif</SPAN>. have gone bankrupt, transferred $11 billion to their parent company in <SPAN id=lw_1164061817_14 style="BORDER-BOTTOM: #0066cc 1px dashed">Delaware</SPAN> , also named PG&E, and
stuck ratepayers with massive losses. Enron—allowed to deliberately shut off power to <SPAN id=lw_1164061817_15 style="BORDER-BOTTOM: #0066cc 1px dashed">Calif</SPAN>. in order to drive up prices, as legal as the Vatican , if you please. End state interference in the FAA, EPA, OSHA, FDA, whatever, by appointing corporate shills to run the agencies.</SPAN></FONT></div> <div class=MsoNormal style="TEXT-INDENT: 0.5in"><FONT face=Arial size=2><SPAN style="FONT-SIZE: 10pt; FONT-FAMILY: Arial"></SPAN></FONT> </div> <div class=MsoNormal style="TEXT-INDENT: 0.5in"><FONT face=Arial size=2><SPAN style="FONT-SIZE: 10pt; FONT-FAMILY: Arial">Best,</SPAN></FONT></div> <div class=MsoNormal style="TEXT-INDENT: 0.5in"><FONT face=Arial size=2><SPAN style="FONT-SIZE: 10pt; FONT-FAMILY: Arial">Mike B)</SPAN></FONT></div> <div class=MsoNormal style="TEXT-INDENT: 0.5in"><FONT face=Arial size=2><SPAN style="FONT-SIZE: 10pt; FONT-FAMILY: Arial"></SPAN></FONT> </div> <div
class=MsoNormal style="TEXT-INDENT: 0.5in"><FONT face=Arial size=2><SPAN style="FONT-SIZE: 10pt; FONT-FAMILY: Arial"></SPAN></FONT> </div> <div class=MsoNormal style="TEXT-INDENT: 0.5in"><FONT face=Arial size=2><SPAN style="FONT-SIZE: 10pt; FONT-FAMILY: Arial"> </SPAN></FONT></div><BR><BR>Watch the communist manifestoon!<br>http://www.youtube.com/watch?v=j1oGIffyVVk<p> 
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