[lbo-talk] Marx on profits

Seth Ackerman sethackerman1 at verizon.net
Mon Nov 26 20:53:25 PST 2007


abu hartal wrote:


>What has been done to restore profitability
>
Profitability hasn't been falling.


>And in pursuit of control of extant and projected investment outlets, the US has declared a right to intervene on the grounds not of pre-emption but prevention and in violation of the UN. The US has also created spaces where habeas corpus is suspended and torture allowed. Other nation-states have and will follow. Things are very visibly getting worse.
>
>The nation-state focus is misplaced as the effects of downturns are most sharply experienced abroad. There is a discernible pattern--labor has lost leverage and protection. Worker passivity is a reflection of that, not a sign of contentment.
>
>The neoliberal offensive which disarmed policy making in most of third world did not have rosy effects as you suggest.
>
>
>
If your point is that politics have been really depressing lately, you and I are in total agreement. But I don't see what this has to do with the FROP?

Seth



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