No subject

around that would shed light on a question of some importance. I.e. whether=
 the ballooning and crunch of credit reflected primarily the ever growing d=
isconnect between the real economy (value) and the financial economy (money=
) within the core economies or whether the ballooning of credit was necessa=
ry to facilitate the imbalance in trade (seen in underlying value terms) be=
tween the 'third world' and the imperialist countries.=20
=20
I'm unclear on this=2C my political orientation made me blame the latter ca=
use as it is obviously a massive problem but the question is really whether=
 this was at the root of the credit ballooning itself. At this stage=2C the=
 question is perhaps somewhat academic as the credit crunch (and deleveragi=
ng) has clearly impacted the possibility of maintaining a trade imbalance i=
n the imperialist countries without a ballooning in debt.
=20
I believe that all of this has massive strategic implications for revolutio=
n. The underlying economic conditions which underpin the aristocracy of lab=
our are being removed. British new labour is now talking of a return to ind=
ustrialisation and away from the financial services. The incoming US admini=
stration clearly are approaching social reformism. Things are looking up al=
l around.
=20
DoC
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