Re: [OPE] David Harvey, "Why the U.S. Stimulus Package is Bound toFail"

From: Paula <>
Date: Wed Feb 18 2009 - 17:49:17 EST

Jerry wrote: "You mean the part where he says "if that means socialism ... then so be it"?
I agree that Harvey could have made his point better. I don't agree that this means that he is a Keynesian."

Well, 'socialism' is another one of those fuzzy words. Often it simply means state capitalism, and this is apparently Harvey's solution - seeing that he wants the West to copy what he thinks China will probably do, ie to build a stronger national market. In conditions of severe global economic crisis this approach will likely lead to protectionism, intensified rivalries and war. Not at all the 'inclusive international financial architecture' he's dreaming of, I fear.

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Received on Wed Feb 18 17:51:07 2009

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