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Extra info for Capital & Class. - 1989. - Issue 39 issue 39

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A widely diversified industrial base,' he shows little empathy with the mass of the Brazilian people whose virtual forced labor created these wonderful byproducts of development and whose lives continue to be rendered miserable by them . Do we have to repeat endlessly the case against roads built for the rape of a country and its people, against banks whose only purpose is ripping off a share of surplus value, against telecommunications which serve primarily to facilitate social control and against electric power, 90 per cent of which is used for exploitation and pollutes rather than improves peoples' lives, against 'diversified industry' which in Brazil not only exploits people and nature but produces mainly for the rich and foreign markets.

For example, since the early 1980s a series of financial changes which have attacked working people's income and reduced their access to consumer credit have certainly contributed to a declining since of obligation toward financial institutions . These include: the elimination of most state anti-usury laws, the dramatic rise in the cost of consumer credit, the huge jump in the cost of homeownership, together with the scandel of Savings & Loan Banks (s&Ls) diverting their deposits from home loans to fraud and speculation, and now the attempt by the government to bail out the bankrupt s&L industry using taxpayer money.

5-14 . ,' (typescript) Businessweek, 'Its Time for America To Wake Up,' BusinessWeek, November 16, 1987 . Campbell, John C, de Carmoy, Guy and Kondo, Shinchi (1974a) Energy : The Imperative for a Trilateral Approach, New York : Trilateral Commission . Campbell, John C, de Carmoy, Guy and Kondo, Shinchi (1974b) Energy : A Strategy for International Action, New York : Trilateral Commission . al, (eds), (1987) The Imperiled Economy, The Union For Radical Political Economics, New York . Cleaver, Harry (1977) 'Food, Famine and the International Crisis,' Zerowork #2 .

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Capital & Class. - 1989. - Issue 39 issue 39 by Confernce of Socialist Economists


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