Nowadays production happens (this is obviously an overgeneralization) in China, Indonesia, Vietnam, Malaysia, South Korea under, mainly under local or national capitalists who sell it to American merchandisers and importers. About all that is left for American capitalists to do is to lie and steal. Hence the boom in my own biz, white collar crime, formerly defending it -- :-(, now teaching it.
Enron really was an important transition, a company named top the heap until it went flooey that ran on a model of producing profits by "trading," nor production -- they didn'y make or sell anything, didn't issue stock, and didn't borrow money. (Again, a slight exaggeration.) It was a Ponzi scheme, Or a Tinkerbell scheme ("I believe my stock will rise! I believe! I believe!)
--- On Fri, 10/10/08, Doug Henwood <dhenwood at panix.com> wrote:
> From: Doug Henwood <dhenwood at panix.com>
> Subject: Re: [lbo-talk] must the molecules fear?
> To: lbo-talk at lbo-talk.org
> Date: Friday, October 10, 2008, 3:32 PM
> On Oct 10, 2008, at 4:23 PM, Eric wrote:
>
> >> Naomi Klein, a white woman well under 50, makes a
> big deal of it.
> >
> > Yeah. What's her story anyway?
>
> She seems to want to make the "neoliberal" era
> seem like more of a
> break with its predecessor than is warranted. So now the
> capitalists
> just lie and steal, unlike the good old days when they ran
> production?
>
> Doug
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