[lbo-talk] An Orgy of Speculation?

Peter Fay peterrfay at gmail.com
Sat Mar 5 22:23:23 PST 2011


On Sun, Mar 6, 2011 at 1:01 AM, Mike Beggs <mikejbeggs at gmail.com> wrote:


> > Brenner, http://escholarship.org/uc/item/0sg0782h.pdf :
> > "Even as the millennium drew to a close, the rates of profit for both the
> > manufacturing sectors and the total private economies of the US, Japan,
> and
> > Germany, as well as Korea, were not close to regaining their former
> levels,
> > and, despite much hype and misinformation to the contrary, they failed to
> do
> > so during the current business cycle right up to the present."
>
> "not close to regaining their former levels" is quite different from "no
> rise in
> 1982-97"

As noted earlier, Brenner excludes financial capital in his charts, so one would not expect his to be the same as the others, which seem to show little to no rise 1982-97.

-- Peter Fay http://theclearview.wordpress.com



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