[lbo-talk] Of flying cars and the declining rate of profit

Doug Henwood dhenwood at panix.com
Tue Jun 5 04:01:34 PDT 2012


On Jun 5, 2012, at 3:52 AM, 123hop at comcast.net wrote:


> what do you mean by "hostility to economics"?

The state is always paramount, the first and last cause of everything. So there's this, and his lack of a discussion of how debt (never credit) functions under capitalism. Roger Lancaster (an anthropologist) had a nice comment on Facebook - there's a tendency among anthros to look for explanations of modern behavior in classic texts and earlier societies and say that's it, they've explained the phenomenon. So debt hasn't changed all that much in 5,000 years. Money either.

Doug



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