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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum
GLD 368.31+0.6%Nov 7 4:00 PM EST
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To: Haim R. Branisteanu who wrote (36201)6/28/2008 7:33:50 AM
From: elmatador  Read Replies (1) of 217638
 
Commodities' pricing and Lenin's theory of imperialism. According to the theory: European large economies of the late 19th century would achieve high level of productivity. Dropping the prices of commodities. Pressing profits down.

The explored J6Pack of the time could not afford the goods. The European economies under pressure would seek new markets.

(If you are alluding to another theory please let me know

Continuing:
In fact expansion of Europe for new markets and control of commerce is as old as Europe and pre-dates the rise of capitalism.

What happened in the late 19th century were the rise of applied science and technology and the rise of the Western Hemisphere and suppliers of commodities. It was an Euro-centric view of the world.

By then -late 19th century- the US was more advanced than England and the Western Hemisphere was producing much more commodities than before with the new railways and new technology.

Technology was not captured by Marx and Lenin. The capacity of the system to cheapen the price and raise the incomes of the masses as Ford did in America.

What we see today is another step in the direction of availability of everything to everyone at a price they can bear.
One chicken in every pot and a car in very garage, but in the shirtless of the whole world.

Commodities pricing

Are we not seeing Lenin's Theory of Imperialism commodities and pricing being destroyed? Or are you alluding to another
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