[lbo-talk] Niall Ferguson and Collapse of Empire

[Carrol Cox]

It is the traditional idea of Empire that is wrong! Hasn't _anyone_ on
either lbo or pen-l read Meiksins Wood's _Empire of Capital_. That work
reacts against (in respect to current world configuration) _both_  the
traditional Marxist view of Imperialism AND the hip work of Hardt &
Negri. There were important symposioms on this work  and on Harvey's
published in Historical Materialism

 Really, Marxist analysis of imperial policy can't go merrily on its way
as though no one had done any thinking in 50 years.

Europe, the U.S., Japan, & China are closely interlinked. They (or
elements within their ruling circles) may well squabble over this or
that, but they are not going to allow the Empire to Fall because it is
now a joint empire.

Carrol  

Michael Perelman wrote:
> 
> China is now starting to buy more Japanese paper.
> 
> On Sun, Jul 11, 2010 at 10:15:41AM +0800, Sandy Harris wrote:
> >
> > They could reduce holdings of US Treasury bills, buying US equity
> > instead, or shifting to European debt. This would be much more of
> > a problem for US gov't than for Chinese.
> >
> > They are already both exporting to and investing in places like
> > Africa, Brazil, Australia, the Middle East. They are trying to
> > shift exports toward higher tech products, like the high-speed
> > rail system they are negotiating with Brazil. Much of the
> > investment is aimed at control of resources -- mining and
> > natural gas, forestry, ..
> > ___________________________________
> > http://mailman.lbo-talk.org/mailman/listinfo/lbo-talk
> 
> --
> Michael Perelman
> Economics Department
> California State University
> Chico, CA 95929
> 
> Tel. 530-898-5321
> E-Mail michael at ecst.csuchico.edu
> michaelperelman.wordpress.com
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