[lbo-talk] Loren Goldner on The Crisis (TM)

[moominek at aol.com]

Thanks for the hint, interesting reading, but strange too, with 
pointilistic relations to selected facts only.

For example: The Seymour Melman position on military spending is 
dicussed in David Golds paper 
(http://www.gpia.info/files/u1/wp/2005-01.pdf) with quite different 
results.

And to see the core of marxian value theory in the reproduction of 
labor power is tantamount to accepting the neo-ricardian concept of 
physical real cost, taking away already on the theoretical level the 
importance of labor time. So it is not surprising to see the surplus 
labor-profit-link ignored and a stagnationist view of modern capitalism 
established. A quite special view of capitalist economics: many 
struggles, less work.

Sebastian

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