Date: Sun, 16 Nov 1997 13:35:07 -0500
From: Doug Henwood <dhenwood-AT-panix.com>
Subject: Re: M-I: The Vortex of the World Market, or Capitalism Sucks


Louis Proyect wrote:

>Economic growth in the underdeveloped world is often coincident with rising
>class struggles, but is not a sufficient explanation.  One of the problems
>I have with naked citations of GDP is that they leave out more than they
>explain.

Of cousre these are profoundly imperfect, and often misleading measures.
But for most of the Third World, in strictly material terms, the 1980s and
1990s have been generally worse than were the 1950s-1970s for people at the
sub-elite level. Do you accept that, Lou?

Doug




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