From: "Harald Beyer-Arnesen" <haraldba-AT-online.no>
Subject: Re: AUT: Re: Re: Kevin on Iraq
Date: Thu, 3 Apr 2003 00:59:51 +0200



----- Original Message ----- 
From: "Ilan Shalif" <gshalif-AT-netvision.net.il>
To: <aut-op-sy-AT-lists.village.virginia.edu>
Sent: 2. april 2003 11.53
Subject: Re: AUT: Re: Re: Kevin on Iraq



Ilan, I think noone on this list is forgetting, far less
denying that the position of the USD on the world
market has and is being used for what it worth,
nor that there is still a strong involvement of states
which interfere in the markets. I certainly do not.
This does not however make every claim put forth
in this context necessarily correct or adequate.

It might also be reason to ask if there has not de
facto been a movement towards a global currency
which is neither US dollars, euro, yen, pound sterling ...
swiss franc ... but a blend of these and others, given
that what is dollars in one moment can be euro in
the next, a third currency soon after, and so on. 
And it seems that it was precisly the so-called
euromarket in dolllars that initiated this process.

There is another thing involved here too. According
to a certain Joseph Quinlan of the Center for
Transatlantic Relations, John Hopkins University,
Washington DC, writing in todays (Wednesday,
April 2) Financial Times,  the sales of affiliates of European
companies (whatever exactly that implies  in these
times) was in the year 2000 more than four times
larger than US imports from Europe. That tells a
story of some significance..

Anyway, I am trying to look a bit further into these questions
now, as I find them both intriguing and interesting

Harald


> Hi people
> Some Shekels from my corner.
> 
> People keep forgetting we do not have an international
> free market of capital and work.
> 
> There is still a strong involvement of states which
> interfere in the markets.
> 
> We have various monopolies and intervention of US
> and other developed states to help their own
> capitalists get bigger share of the world surplus
> value extracted from working people.
> 
> The investment of newly accumulated surplus value is
> too not free for all capitalists alike in the search
> for maximum profits.
> 
> States are also helping specific section of their own capital
> in taking bigger share of the local surplus values.
> 
> And of course the US used its hegemony to levy inflation
> tax on all users of dollars as reserve currency.
> 
> The US state was able to get lot of credit for its
> cost of competing with the USSR in the past, and
> of its deficit budget afterwards.
> 
> Now, as a long process started about 30 years ago when
> France and company forced US to get of the fictitious
> gold base, the US big capital is loosing more and more
> of its strength and the ability to extract extra
> share of the general pool of surplus values and
> favoritism in the ability to convert their surplus
> value to invested capital at home and abroad.
> 
> Just remember how the MAI was defeated 4 years ago.
> Or how strong is the struggle around the genetic engineering
> products.
> 
> In a way, the conflict between the US and European countries
> is on the option to invest in the Iraq oil and economy
> to get the appropriate investment opportunities and profits.
> Ilan
> 
> 
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> 
> 



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