Andrea Pia on Tue, 11 Nov 2008 05:55:54 +0100 (CET) |
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<nettime> Keynesianism and related topics |
Dear Nettimers, I just one to share few thoughts on the last topics that you are delving in latley. I was been thought (in anthropologic related class) that Keynesianism is all about get rid off unemployment by create jobs through the state supervision, in particular the General Theory seems to be an elegant maths solution to the Marx "tendencial decrease of avarage profit" law. Altough this is certainly a reductive way to explain it, can suggest us that a Keynesian oriented eya can no longer help us in decripting the state behavior on this crisis. What bother the state-bank system at the moment (e.g. my country, Italy, is a perfect example of what that - means) seems not to be the fall of the unemployment ratio but a much more abstract and general disillusion on the financial regolated world abset. Banks need investement and the perfect base for this was the linear and predictable (mathematical dictatorship) behavior of first world consumer. What Obama election seems to signify is not the replacment of this system with a more social-fair one but with the inward regulation of the USA capitalistic system. What will be the role of Afghanistan and Iraq war i cannot suggest but maybe we can try to figure out what will be China's. RPC is been buying USA debt from the '90s i think. The reason is that, at the moment his economy cannot stand without foreign investement. What RPC is trying to do with is last General Assembly goes the other way around instead: by putting forward huge capitral investement in the financial sector and by opening one step at the time the rural market (I talk this way couse i live in China and this is what i'm dealing with every day), and by open i mean extend the agricoltural support banks influence in the rural areas, China is trying to cut the financial bridges with the outside and create a susteinable inner market. Like the tip of a coin China tryes to turn the relationship upside down by replaicing Usa financial one way route. I final note on Obama compaign: what really upset me about the all thing is the way in wich Obama dealt with the M.L. King heritage. Obama never directly linked to the life or work of King for what seems to me a precise evaluation of what King's heritage really means: civil disobbedience to fight capitalistic society organization As King came to realize that Vietnam war was just the exploitation of the capital accumalation created by fifteen years of pumped war economy, was killed. This clear world view was never supported by Obama, whom to be elected had not lose the chance to calm down the paronoid electorate feeling about USA self difense need by support the Afghanistan war. Cheers, Andrea Enrico Pia _________________________________________________________________ Fanne di tutti i colori, personalizza la tua Hotmail! http://imagine-windowslive.com/Hotmail/#0 # distributed via <nettime>: no commercial use without permission # <nettime> is a moderated mailing list for net criticism, # collaborative text filtering and cultural politics of the nets # more info: http://mail.kein.org/mailman/listinfo/nettime-l # archive: http://www.nettime.org contact: nettime@kein.org