June 20, 2004

“There is a growing sense, even among some elites, that if they have to depend solely and forever on the kindness of outside capital, they will never be productive players in the global capitalist game. They are increasingly frustrated at not being masters of their own fate. Since they have embarked on globalization without providing their own people with the means to produce capital, they are beginning to look less like the United States than like mercantilist Latin America with its disarray of extralegal activity.”

The Mystery of Capital


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