Date: Wed, 26 Apr 95 2:17:20 EDT
From: boddhisatva <foucault-AT-eden.rutgers.edu>
Subject: [wpc-AT-cs.strath.ac.uk: Re: globalizatio of capital]





		In response to Paul,

	I hope I didn't give any other impression but that I agree with this
critique.   
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To: marxism-AT-jefferson.village.virginia.edu
Cc: wpc-AT-cs.strath.ac.uk
Subject: Re: globalizatio of capital 
In-Reply-To: Your message of "Tue, 25 Apr 95 05:56:38 EDT."
             <CMM-RU.1.4.798803798.foucault-AT-er5.rutgers.edu> 
Date: Tue, 25 Apr 95 14:35:23 +0100
From: wpc-AT-cs.strath.ac.uk
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 boddhisatva
	How can we attack, for example, the World Bank and IMF themselves
when they are units conceived to extend the credit derived from the wealth of


the first world, to the rest of the world.  Certainly any international
socialist would conceive of the same thing.  The problem is what can be
bought with that credit, and the terms of the contract, not the bank or the
fund itself.   

Paul:
We can attack it because its terms are usurious, and because
the conditions that are imposed in their structural 
adjustment plans involve drastic reductions in the
living conditions of the working people in order to
ensure a continued flow of interest and dividends to
capitalists in the metropoli.


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