Economic-union
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A fair description of a complicated situation
Great Tips for those managing investments in Russia
Very useful to Russian Bankers and American as well.
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The Real Nate.The author has done a masterful job of illustrating how greatness was thrust upon him. Nate never set out to become a hero, only to protect his own dignity and provide for his children.
I do not believe that there is a better book for teaching about the lies of 20th century sharecroppers. Theirs is an overlooked legacy.
Just looking for help with a book report
A Natural For Oprah's Book Club

Superbly written account of the move to EMU
A well-balanced, thoughtful study
A superb account of the move to EMU
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Superb demolition of the EUTHIS BRILLIANT book is a devastating exposure of the pretensions of those who want to rule Europe. It shows that the attempts to achieve monetary and economic union, and consequently political union, are bad for us. They will not bring monetary stability, economic growth or political harmony. Instead they will destabilise currencies, reduce growth and promote hatred between the nations of Europe.
Economic and Monetary Union (EMU) is supposed to build on the experience of the Exchange Rate Mechanism (ERM). Britain's membership of the ERM forced us into a disastrous and quite unnecessary recession. After two years of suffering, Major said in July 1992 that Britain would soon be the leader of the ERM. Two months later, we were well out of it, and ERM had bermbed, as Jacques Clouseau, Major's mentor, would say.
ERM constrained British Government policy on non-monetary matters too. The Government appeased Spain over the fishing dispute to keep Spain happy about the sterling/peseta rate. So the Common Fisheries Policy, so damaging to Britain's fishing industry, is not an isolated EU aberration: it stems from the whole logic of economic and monetary union.
The ERM was described as the Eternal Recession Mechanism; EMU is likely to be Even More Useless. The ERM kept the poor countries poor; it did not help them to converge; it certainly did not help them to meet the Maastricht criteria. Spain's experience of ERM was catastrophic: 22% unemployed. The ERM forced Denmark into recession: unemployment doubled to 12%, the budget was slashed, and investment, output and wages all fell. In the ERM, Ireland's unemployment soared from 11% to 23%. ERM subordinated nations' economic interests to minorities' foreign policy goals: ruling class interests dominated working class interests. Some still claim that ERM and EMU could control capital, but actually they were and are attacks on the working class.
A 1992 report by the Monetary Committee, which advises the EU's Council of Ministers, admitted that ERM did not stabilise prices or money and did not reduce inflation. Perhaps it was after all just a tool for moving countries towards political union.
The book also depicts the present dangerous struggle between the French and German ruling classes for control over the proposed institutions of a single European state. Germany is determined to keep the Deutschmark and the Bundesbank: it wants EMU so that it can assimilate other countries into an expanded Deutschmark zone. France wants a new currency and wants to get its hands on the Bundesbank; it pushed for the Maastricht Treaty, which would destroy the Deutschmark. Who would control Europe's currency? Who would control the proposed new European Central Bank? Germany or France?
As Wilhelm Nolling, a Bundesbank Council member, said: "We should be under no illusion - the present controversy over the new European monetary order is about power, influence and the pursuit of national interests."
They are already fighting about the 1996 InterGovernmental Conference. Germany wants the economic criteria for EMU met as soon as possible: it insists that economic convergence must precede monetary union. France wants the earliest possible date for monetary union, believing that monetary union would produce economic convergence. Both are wrong of course: convergence cannot and will not be achieved, either way.
EMU's implications are universally unpopular. The workers of France, Italy and Belgium are striking against the EU's schemes. The Austrian Government fell in October, unable to pass the EU-required budget.
We can see both from ERM's effects, and from the effects of the attempted imposition of the Maastricht criteria, how damaging membership of EMU would be. It would cause, as intended, a permanent lowering of wages, a permanently higher level of unemployment, and massive cuts in public spending.
Connolly sums up: "My central thesis is that the ERM and EMU are not only inefficient but also undemocratic: a danger not only to our wealth but to our freedoms and ultimately, our peace. The villains of the story - some more culpable than others - are bureaucrats and self-aggrandizing politicians. The ERM is a mechanism for subordinating the economic welfare, democratic rights and national freedom of citizens of the European countries to the will of political and bureaucratic elites whose power-lust, cynicism and delusions underlie the actions of the vast majority of those who now strive to create a European superstate. The ERM has been their chosen instrument, and they have used it cleverly."
OverwhelmingIf you support the European Community, reading this book will change your mind -- if you dare read it.
Excellent

symposium on this book in _Labor History_
well written account of important moment of classformation
Top Man!
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Seeking a More Perfect Union? Here is Your "How To" Book!
Must Reading
A MOST Perfect "RE-UNION"Imagine not stumbling upon the word racism until 1936 and finding no rise of the African American experience. Preposterous. Is it not? But truth. Congressman Jackson not only reveals why we must be outraged, not in the riotous form, but further demonstrates, in this important piece how we must engage our outrage by "economic reform."
Reader do not be discouraged by the book's smallprint or numerous pages. This plethora of information only lends itself to the extensive research and detail the author and his contributor insisted upon. Welcome these pages as they are wealthy. FINALLY there exists an "inclusive textbook" which it resembles and rally for it soon to be.
The reader will delight in a discovery of previously undocumented
yet factual pieces of African-American history "as American as apple pie." Congressman Jackson Jackson exhibits how African-Americans significantly shaped America and its politics. Furthermore, he examines how each American President, past and present viewed(s)and dealt(s) with the race problem and provides the reader with deriviations of words such as Jim Crow, locates and defines for his reader new political buzz words and delves into how "A More Perfect Union" can be achieved through Equal Opportunity, Human Rights,Full Employment, Universal and Comprehensive Health Care, Affordable Housing, Quality Public Education, Fair Taxes, Foreign Policy, Politics, and Moral Responsibility. Congressman Jackson actually dissects each of the above-mentioned and provides VIABLE solutions to their achievement.
Congressman Jackson and his contributor Frank Watkins must be applauded for preaching more than just "high sounding benevolent social rhetoric" as some of his counterparts. A section of the book is semi-autobiograhical and gives the reader perspective into his personal experiences and his subsequent growth. In it he reveals his humanity and there is substantial evidence that he has not taken his political responsibility lightly.
Readers add this book to your shelf only after reading and re-reading. It must "court" your dictionary and your other reference material. This book will invite you to consult it time and time again. It is indeed reference-WORTHY. Although it is a lofty, thought-provoking, brave and maybe even an unpopular undertaking, it is brillantly and perfectly executed. As Lincoln stated "the hen is the wisest of all animal creation because she never cacles until the egg is laid". Congressman Jackson is no hen but an egg he has laid-and "A More Perfect Union" is clearly Faberge'. We recognize if we never did before, Congressman Jesse Jackson, Jr. as one of our most heady, intellectual statesmen of the 21st century. A must Read!!! BRAVO!!!!
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best of its kind
class is a misnomer
Class Intrigue in Contemporary Russia

Very clear, well argued, easy to read, truthful"State Capitalism In Russia" (originally written as "The Nature Of Stalinist Russia") deals with exceptional clarity with the argument of Trotsky that Russia was still a workers' state because the property was nationalised.
Cliff was simple and forceful in his argument that a complete counterrevolution had occurred in Russia during the 1920s when Stalin rose to power. He shows using available government statistics that whilst most resources up to Stalin's triumph in the 1920s were devoted to improving the living standards of the Russian masses, from the time of the Five-Year Plans, all these resources were transferred into the hands of the bureaucracy. This bureaucracy accumulated vast resources through exploitation of the Russian working class, in the process building a military-industrial complex that aimed directly to compete with market capitalist nations in the West for production of the most powerful weapons. Stalin saw this as the only way to protect the USSR, but in fact the only way a socialist regime could have survived was via the overthrow of the Western ruling classes and seizure of their vast internationally accumulated profits.
Cliff shows clearly how much better off for wages the Russian masses were under Lenin than under either the Tsar or Stalin and, as a prerequisite for this, how much higher a proportion of production was devoted to consumer rather than capital goods under Lenin.
At the same time, Cliff clearly shows how oriented Russian laws were to protecting the power of the bureaucratic ruling class. A perfect example is the exceptionally regressive turnover tax system that increased the prices of the necessities of the working class massively.
Marxism advocated the use of steeply progressive taxes on income and inheritance and abolishing all indirect taxation: Cliff shows how hypocritical the Soviet government has had to be to disguise blatant capitalism as "socialism."
Cliff is similarly clear about how his theory of state capitalism explains what had actually occurred in Eastern Europe since 1945: new ruling classes had been established on the Soviet model by parties merely calling themselves "Communist": workers had no control over the means of production.
Cliff's theory of state capitalism explains the Soviet ruling class' actions in the years after World War II very well because understanding the bureaucracy as a capitalist ruling class explains their desire to compete with the West. Cliff is also very clear (and events in the Eastern bloc showed this again and again) that only a genuine workers' revolution could produce a genuine socialist system where the needs of the masses take precedence over the enrichment of a tiny minority who parasitise workers' labour.
The capitalist nature of Stalinist Russia had been known to anarchists and non-Leninist Marxists ever since the failure of the revolution to spread to Western Europe. Had it spread, there is little doubt that the means used by the Cheka to crush Lenin's opponents would have been unnecessary because the loss of power by the imperialist nations' ruling classes would eliminate the vast aid given to counterrevolutionary armies within an undeveloped workers' state and would transfer vast wealth to the workers of undeveloped nations.
Whilst the nature of Lenin's Russia is questionable, that of the Stalinist USSR is clear: state capitalism. Besides understanding the USSR as capitalist, one must also understand that the revolutions in Vietnam, China, and Cuba were in no way workers' revolutions. They were led by small peasant guerilla armies who established states modelled on Stalinist Russia.
A landmark work that needs to be reissued even though it is (hopefully) still available on the web if you look.
This book is vital to understand the former Soviet Union.
A brilliant book to understand stalinism
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A Needed Light
Hollywood's buried historyThis book belongs on the shelf of anyone interested in Hollywood history, labor history, the Hollywood Blacklist, American radical history, and the history of organized crime in America. It should especially be read by anyone who earns their living as a worker in the film and television industry or is a member of IATSE and wishes to know the true story of their union's dark history.

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A fast and easy Euro primerThe only caveat is that if you're really into the mathematical and graphical side of economics -- this puppy ain't for you. If you look at the overload of math that Krugman's International Economics textbook gives you, this pales in comparison. I wish it had more of that, if only so that on those nights I can't sleep, I have one more resource to use. But that's what I have my girlfriend's stories for.
Anyway, go buy it. It's good.
If you want to learn about the Euro, this is the book to get
Excellent, non-national centric, easy to read