From: ajit sinha (sinha_a99@YAHOO.COM)
Date: Tue Oct 10 2006 - 06:00:57 EDT
--- Patrick Bond <pbond@MAIL.NGO.ZA> wrote: > No paradox, sounds like plain old overaccumulation > of financial capital, > as described in Vol 3, and later by Grossmann, > Mandel, deBrunhoff, > Harvey, etc, not so? > > Jurriaan Bendien wrote: > > It's > > certainly a long way from Das Kapital to the > mindboggling, astronomic > > financial transactions we can see happening these > days. > > > > Putting it in plain language, I think a paradox in > the world economy > > these > > days is that there is supposedly a "savings glut", > yet also, a massive > > and > > growing amount of indebtedness. So you have > growing savings, and growing > > debts, at the same time. _____________________ But if savigs are invested, which is what classical and neo-classical economics mostly believes, then it sounds logical that a rise in savings would also result in a rise in indebtedness. How does it explain anything including overaccumulation of financial capital? Cheers, ajit sinha __________________________________________________ Do You Yahoo!? Tired of spam? Yahoo! Mail has the best spam protection around http://mail.yahoo.com
This archive was generated by hypermail 2.1.5 : Tue Oct 31 2006 - 00:00:03 EST