But we're saying exactly the same thing (too much investment during the Golden Age, which led to overaccumulation and instead of resolution, just displacement for many years since). And yes, agreeing with you, comrade, IS preposterous. :-)
Doug Henwood wrote:
> On Feb 24, 2009, at 2:56 AM, Patrick Bond wrote:
>> Yes, sustained overaccumulation in the US manufacturing sector is to
>> blame for subsequent periods of relatively low investment. We've been
>> saying all these things for some time - are you just getting it now,
>> Doug? Join us!
> This is preposterous. The U.S. manufacturing sector has been shrinking
> in relative terms for decades. A lot of Marxoids will tell you that's
> the fundamental problem - there's no real value production, just
> unproductive stuff like retail and finance. Now we learn that there's
> too much capital in manufacturing.
>