>One reason the Great Depression
>and WWII did such a good job of preparing for a Golden Age was the
>thoroughness of European and Japanese manufacturing devalorisation and
>the reduction of idle labour power.
>
I doubt it. According to this chart...
...at its lowest point, in 1948, the West German capital stock was 13% greater than its 1936 level. So the Golden Age was built on a German capital stock *more* valorized than in the midst of the Great Depression, when presumably there was supposed to be enormous overcapacity/high OCC.
>Maybe so, by bourgeois measurements...
>but Doug, where's your marxian gut instincts
>
Is it marxian to make the data fit the theory? Some might misinterpret
this as a backhanded insult to Marxism.
Seth