US economy and war

warch · 02-26-2003, 03:45 PM

George Monbiot has written two articles focusing on US economic globalism as a potential cause of war in Iraq. I find them interesting.

Too much of a good thing

Here's one bit:
The underlying problem the United States confronts is the one which periodically afflicts all successful economies: the over-accumulation of capital. Excessive production of any good -- be it cars or shoes or bananas -- means that, unless new markets can be found, the price of that product falls and profits collapse.Just as it was in the early 1930s, the US is suffering from surpluses of commodities, manufactured products, manufacturing capacity and money. Just as it was then, it is also faced with a surplus of labour, yet the two surpluses, as before, cannot be profitably matched. This problem has been developing in the US since 1973. It has now tried every available means of solving it and, by doing so, maintaining its global dominance.The only remaining, politically viable option is war.

Heres a link to the follow up article Out of the wreckage that poses some potentially positive, but unplanned outcomes from US war action.

What do you think?

02-26-2003, 03:45 PM	#1
warch lurkin old school Join Date: Oct 2001 Location: Minnesota Posts: 2,796	US economy and war George Monbiot has written two articles focusing on US economic globalism as a potential cause of war in Iraq. I find them interesting. Too much of a good thing Here's one bit: The underlying problem the United States confronts is the one which periodically afflicts all successful economies: the over-accumulation of capital. Excessive production of any good -- be it cars or shoes or bananas -- means that, unless new markets can be found, the price of that product falls and profits collapse.Just as it was in the early 1930s, the US is suffering from surpluses of commodities, manufactured products, manufacturing capacity and money. Just as it was then, it is also faced with a surplus of labour, yet the two surpluses, as before, cannot be profitably matched. This problem has been developing in the US since 1973. It has now tried every available means of solving it and, by doing so, maintaining its global dominance.The only remaining, politically viable option is war. Heres a link to the follow up article Out of the wreckage that poses some potentially positive, but unplanned outcomes from US war action. What do you think?

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