On Apr 2, 2016, at 12:32 PM, Doug Henwood wrote:
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>> On Apr 2, 2016, at 10:13 AM, Jim Farmelant <farmelantj at juno.com> wrote:
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>> Has Summer's read those people but is too embarrassed to mention them, or has he arrived at these positions independently of them?
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> I really doubt Summers read the MR school.
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> Interesting that his argument doesn't focus on the capital-labor relation, i.e., the mighty strength of capital and the deep weakness of labor. It's all about relations between capitalists.
A fish, 'tis said, rots from the head. The head of capitalism is "relations [among] capitalists." The rot is the ferocious degradation of productive capital, both public and private. And the mechanism of that rotting is the systemic looting of productive capital to generate obscene levels of luxury spending by the rich, the very rich, the obscenely rich, and the Saudi-type monstrously rich.
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Shane Mage
"scientific discovery is basically recognition of obvious realities that self-interest or ideology have kept everybody from paying attention to"