Date: Mon, 7 Apr 1997 10:45:34 -0500
From: Doug Henwood <dhenwood-AT-panix.com>
Subject: Re: M-TH: Re: M-I: PANIC LEFT: TAKE THREE


boddhisatva wrote:

>Para ejemplo, take the Bre-X situation as an example of this
>capialist quagmire:  On the one hand, Third World isolation from
>bourgeois-democratic legal systems offers greater opportunity for
>exploitation, on the other, it allows individual capitalists to more
>easily defraud their fellows, undermining all-important market confidence.

You've got to be kidding. Bre-X is a minor localized storm. It's not going
to undermine "all-important market confidence" in any major way. Of far
more interest and significance are the ecological consequences of
successful gold mining, which are horrendous. And right here in the USA,
the world capital of bourgeois-democratic legalism, the government is
practically giving away gold and other minerals on federal lands (ditto oil
and timber) - all right in the open.


Doug

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Doug Henwood
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