Re: [OPE] "lies, damned lies, and underconsumptionist statistics"

From: paul bullock <>
Date: Sat Sep 25 2010 - 14:52:17 EDT


I imagine you have seen the new figures on the increase in poverty in the
USA? Polarisation within the US (not withstanding my opposition to
under-consumption as an 'explanation' of crisis... except in Engels sense
that the majority of the global working class are forced to consume less
than they produce, and that that relation is the cause of the permanent
crisis within capital)

Paul b

-----Original Message-----
From: []
On Behalf Of Paul Cockshott
Sent: 25 September 2010 10:17
Cc: ope
Subject: Re: [OPE] "lies, damned lies, and underconsumptionist statistics"

I one is looking for under consumption, the USA is hardly the place one
would start to look.

--- original message ---
From: "GERALD LEVY" <>
Subject: [OPE] "lies, damned lies, and underconsumptionist statistics"
Date: 24th September 2010
Time: 4:40:47 pm

Subject: Fw: New online Marxist-Humanist publication
Date: Thu, 23 Sep 2010 07:26:53 -0400

Sept. 20, 2010

Dear Friend,

Marxist-Humanist Initiative (MHI) is pleased to announce the launch of a new
online Marxist-Humanist publication, With Sober Senses at (click on "Our Publication")

New articles include:

* "Lies, Damned Lies, and Underconsumptionist Statistics" by Andrew Kliman.
Shows that the underconsumptionist account of economic crisis is incorrect.
Neither U.S. workers' share of national income nor their real compensation
have fallen in recent decades, and productive investment spending has grown
faster than personal consumption since the Great Depression.


In solidarity,

Anne Jaclard, National Secretary, MHI
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The University of Glasgow, charity number SC004401
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Received on Sat Sep 25 14:53:55 2010

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