On Mar 9, 2009, at 8:39 AM, Patrick Bond wrote:
> Second, you really should come around for a visit to Southern
> Africa, comrade, because in that last clause you're simply
> discounting the devalorization of 'human capital' (on the scale of
> what hit the East Bloc a century later). If this region teaches
> political economists anything, it's that Northern capital can fly in
> - thanks to overaccumulation abroad - and in search of 'stimulating
> growth', set up a system (e.g. Rhodesian or SA migrant-labour
> apartheid) that devalorizes life forever after (just think of AIDS
> and migrancy as one implication).
I really don't know what gives you the idea that I don't appreciate this. I've been saying for years that this is just standard operating procedure for capitalism, not some sign of crisis. It's been this way for centuries.
Doug