Date: Tue, 31 Jan 95 3:17:50 EST From: boddhisatva <foucault-AT-eden.rutgers.edu> Subject: Re: Unequal Exchange In response to jones/bandari, I take the strongest possible exception to what I believe to be your position that anti trust politics are reactionary. They are the signing by the capitalist of his own death warrant. Efficient and competitive markets decry the capitalist as useless waste. They are the ugly Newtonian (as in Gingrich) truth, that will make us free. Markets are democratic institutions that capitalists are fundamentally inspired to avoid. My own analysis of capitalist economies hinges on a two market system. There is the market in goods and productive capital, and there is the market in instrunments that extract profit from the other market. Monopolies are good investments for their enhanced ability as profit extractors. Small firms are closer in practice to socialist enterprises (as American right-wingers love to point out) because they have less profit-extracting leverage. It is the power relations in small firms (and, of course all firms) that doom them to iniquity. I would be very interested in your reaction (and everyone else's - natch) to this analysis. I would also embarrassedly ask what you define as a "division 1" good. I can't seem to locate that term. peace ------------------
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