Dear Fellow W-Systemites,
I am perplexed to see no post on what is hitting us from the business
pages daily: the fall of the USD against both the DEM and the JPY.
We should have a lot to say about this. After all, if this trend
continues, that could signal in a big and unusually fast way a very
shocking, abrupt end to U.S. hegemony. Apart from the implications for the
future of the world as we know it, that would be of course another splendid,
literal demonstration of the predictive power of w-s analysis (the previous
one being the collapse of the state socialist world empire which had of
course everything to do with global forces).
Are we going to reserve comments on this one just as most of as have been
shying away from discussing the central European story? Anybody care to
comment?
Cheers,
Jozsef Borocz
(jborocz@uci.edu)
Dept of Sociology
U. of California, Irvine