Re: dev’ts in world economy and foreign ownership
On May 28, 2007, at 1:39 PM, Michael Smith wrote:
The Iraq War has been a disaster for the Iraqis, and it has had a
much smaller but still negative impact on American workers, too, but it
has not hurt the US ruling class at all: the share of their income has gone up, for instance.Do you think the two facts are connected? It’s difficult for me to
see how, at least in any very direct way. It seems reasonable to think that the
general fascistization of society that war makes possible has a global,
long-term, positive effect on elite power and wealth.
Against that view, and that quoted from Yoshie, I’ll put forward the
worries of Paul Volcker and some Wall Street types I heard at the CFR
last week. They think the Iraq war has damaged U.S. interests in the
world. But there seems to be a view that the US gov never makes a
mistake, never damages itself, and never operates against the
interests of US capital. Lenin said it, or something.
Doug