[lbo-talk] SIV's, ABCP market and the European half of the liquiditycrisis

Carrol Cox cbcox at ilstu.edu
Sat Aug 18 14:03:06 PDT 2007


Michael Pollak wrote:
>
> [using crisis in the medical rather than the Marxist sense :o)

I believe Marx himself used the word to describe recurrent periods in the business cycle -- hence his usage of it would indicate (abstractly) the historicity of capitalism but _not_ the immediate threat of being retired to the dustbin. Those recurrent crises are _tropes_ for but _not_ harbingers of the actual end.

Mao: "If you don't hit it, it won't fall."

Carrol



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