Rakesh wrote in [6042]: > The absolute and differential rent in the form of petrodollars is enormous > in the Gulf; <snip> What are the statistical estimates of the benefits of petrodollar exports for US capital? It might be interesting to compare, if such statistics are available, the US dollar value of the petrodollar advantage to the advantages to US capital of lower prices for oil both in terms of lower constant circulating capital costs and lower variable capital payments required to sustain the customary standard of living for the working class. If such statistics (estimates) are available, it would be possible to quantify the advantages for US capital of the export of oil as a commodity from the Middle East vs. the gains from the export of capital. In solidarity, Jerry
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