[Marxism] How Bad Will the Economy Get?

[S. Artesian]

Very interesting analysis, by there are a couple of issues:

1.  don't know of any instance when the bourgeoisie transformed themselves 
into a "different class" to handle an economic leap.  As a matter of fact 
the entire history of capitalism is just the reverse, with the bourgeoisie 
accommodating every regressive, archaic tendency, and only engaging in 
revolution to defeat the revolutionary impulse-- look at Mexico 1910-1920 
and beyond, hell look at the US after the Civil War as it abandons 
Reconstruction and reconstitutes the plantation class.

2. Not too certain about China expanding the state sector-- over the past 5 
years the private sector has overtaken the state sector in contributions to 
GDP; indeed that may reverse temporarily given the downturn in 
exports/imports, but I don't know that this is a permanent change.  I do 
think that China is just about at the end of its growth acceleration based 
on the model of exports, cheap labor, foreign direct investment, and 
small-scale agriculture.


3.  Don't think this predicament of the bourgeoisie is intractable, and I 
don't think the position of the US is unassailable.  I just think it will 
take a world war to change either/both, and I am not looking forward to 
that.

----- Original Message ----- 
From: <Waistline2 at aol.com>
To: <sartesian at earthlink.net>
Sent: Tuesday, July 14, 2009 4:34 PM
Subject: Re: [Marxism] How Bad Will the Economy Get?