[lbo-talk] Israel's Roaring Economy

[Russell Grinker]

Wasn't it Richard Nixon who said that subsidising Israel was still cheaper
than keeping the 6th Fleet afloat? Anybody know to what extent hidden US
subsidies still keep the Israeli economy going?

Although late SWP (UK) theoretician Michael Kidron invented the spurious
theory of the Permanent Arms Economy as an explanation for the period of
capitalist expansion that followed the Second World War, I think a more
orthodox Marxist explanation would see war production and armaments spending
as a fiscal burden and a drain on profitability for capital in general
(while of course hugely benefiting some producers).

-----Original Message-----
From: lbo-talk-bounces at lbo-talk.org [mailto:lbo-talk-bounces at lbo-talk.org]
On Behalf Of Yoshie Furuhashi
Sent: 22 June 2007 01:43 AM
To: lbo-talk at lbo-talk.org
Subject: Re: [lbo-talk] Israel's Roaring Economy