[Marxism] More on generation of capitalist crisis

[S. Artesian]

There's nothing anonymous about that claim.  Charles is, as Charles usually 
is, being a bit disingenuous in his presentation in order to advance his 
argument.

I wrote the "anonymous" passage on Julio Huato's Marxist debate list, where 
Charles decided to reproduce his favorite, and apparently only quote, on 
Marx and underconsumption.

This triggered a discussion during which I think it was Matt Russo, or 
perhaps Waistline reproducing HCK Liu's article, referring to the 1997 Asian 
crisis as a  "financial crisis."

I argued it was not at core a financial crisis, but one of overproduction, 
overaccumulation and a declining rate of return-- and not secularly, as part 
of some overall trend, but in its immediate, momentary history.

In that discussion of the history of the Asian event,  I mentioned  the 
increasing urban migration, and rates of urban migration throughout the 
NIEs-- particularly after the time of OPEC shocks and the Plaza Accords, 
with rural, village economies being effectively dispossessed throughout 
these countries [and not only these countries but also in Latin America--  
but that's another issue].

Charles then replied that [ not verbatim, but in essence] "urban migration 
has been going on for decades.  You can't show anything special about the 
1991-1997 period."

My response to that was the above "anonymous statement"  which Charles has 
edited to omit the part where I point out how little investigation Charles 
must have done to make his statement attempting to refute the pattern of 
urban migration.

Now of course rather than take up the event that he claimed never happened, 
he shifts the terrain.

Maybe Charles thinks all those workers in the Quangdong, in Thailand, in 
Malaysia, in the Philippines, etc. were quickened in vats held deep 
underground and released at just the right moment.  Who knows?  After all he 
did claim that the war in Vietnam ended in 1973, complete with helicopter 
evacuations from the roof of the US embassy.

I have no interest in carrying on a discussion with Charles about 
substantive matters--as his pattern is to... well, it's to do exactly what 
he's just done, but if  he wants to drag arguments from other lists onto 
this list, simple courtesy to the list is that he provide the background.



----- Original Message ----- 
From: "Charles Brown" <cdb1003 at prodigy.net>
To: <sartesian at earthlink.net>
Sent: Wednesday, February 04, 2009 6:28 AM
Subject: [Marxism] More on generation of capitalist crisis


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