[Marxism] Slow motion recession

[S. Artesian]

Steve,

I am not "bullish."

Relatively, US capitalism is stronger; is the lynchpin of international 
capitalism.  That is my point.

Profitability of US corporations is greater than that of Asian and European 
counterparts.

 This does not mean that the US has learned to "defeat the business cycle," 
is "immune" from crises, or does not experience declines, contractions, 
recessions.

It does mean Japan will not, "Europe" (which doesn't exist as a single 
economic unit) will not,  the BRICs, will not supplant the US as that 
lynchpin.

Yes, profits have declined, are declining, and will continue to decline--  
but I was referencing a "longer term view" regarding relative strengths of 
US, Japan, and EU capitalism.

Again, I was discussing relative strength-- I am no partisan of the eternal 
invulnerability of US capitalism.



----- Original Message ----- 
From: "Steve Palmer" <spalmer999 at yahoo.com>
To: <sartesian at earthlink.net>
Sent: Thursday, July 03, 2008 12:28 PM
Subject: Re: [Marxism] Slow motion recession