[lbo-talk] Stratfor on Obama, Yahoo and Natural Growth

dredmond at efn.org dredmond at efn.org
Tue Jun 9 10:58:47 PDT 2009


On Tue, June 9, 2009 8:49 am, Doug Henwood wrote:


> Hey, Obama defeated Hezbollah in Lebanon. According to Vijay Prashad,
> he strengthened the hand of the Congress party vs. the right and left in
> India. Empire repair is already well underway.

Not at all. Lebanon trades mostly with the EU and has its own complicated internal situation. Prashad is a smart guy, but I can't endorse his analysis of India -- in fact, I'm becoming convinced that India's elite invented many of the basic tools of neoliberalism back in the 1970s.

As for Empire repair -- China's CIC owns 10% of Morgan Stanley, and the BRICs just added $70 billion or so to their reserves. The Empire isn't under repair, it's under New Management.

-- DRR



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