[lbo-talk] IT innovation and "the Markets"

Philip Pilkington pilkingtonphil at gmail.com
Tue Mar 3 19:24:43 PST 2009


On Wed, Mar 4, 2009 at 3:15 AM, Miles Jackson <cqmv at pdx.edu> wrote:


> Chris Doss wrote:
>
>> Central planning is very good at big, well-defined projects. It's not
>> very good at distributing the end product.
>>
>
> Unless that end product is public libraries, public roads, national parks,
> the internet, basic scientific research, police service, fire service,
> health care, pension funds, public utilities, etc, etc, etc.
>
> Miles
>
> ___________________________________
> http://mailman.lbo-talk.org/mailman/listinfo/lbo-talk
>

Here's the big question: if - and I say IF - capitalism is genuinely failing today - and it might be, it REALLY might be - what the hell do we do?

If "in the long run we're all dead" and if the long run is over then where do we go? I mean, economically speaking, Keynesianism probably won't work without something like WW2 - which was essentially a very large demand sponge - and that's just not happening...



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