State capitalist trusts, in Bukharin's theory 95-6
State directed, monopoly capitalism and war 156; industrialisation, in India 251
States, economic management during First World War 154; role in supplying labour power in long boom 172; expenditure, US, 1 800- 1980 103; revenues as arising from surplus value 1 13-14; comparable to profit, interest and rent 1 12; share in national output, Japan in early 2000s 216; theories that see as external to capitalist economic system 103-4, 1 1 2; little attention to in Capital 88; role in integrating mass of people into system 1 1 0-1 1
States and capitals, structural interdependence 1 1 O; difficulties of break between them 112, 1 13, 1 14; relationship left unresolved by Marx 102; in Lenin's theory 93-5; in the era of "globalisation" 264-70
Steedman, Ian 48; alleged refutation of Marx on falling rate of profit 71
Steindl, Josef 146
Stern report 309; suggestions tailored to profitability 312
Stern, Todd 313
Stockhammer, Engelbert, and finance and real investment, quoted 295 "Stop-go" policies 164
Strachey, John 64,158, best known writer on Marxist economics in Britain in 1930s 163; decides Keynes is right 163; and "end of imperialism" 164
Strikes, air trafic controllers in US, defeated 238; miners in Britain, defeated 239; Egypt, 2006 344; South Africa, 2007 343; Soviet miners of 1989 209; Mumbai textile strike 1 982-3 345
Strong, Benjamin 145
Subprime mortgages 286
Sub-Saharan Africa, growth in 1960 189; debt burden 279; much of it marginal to global capital 224, 340
Subsidy to advanced countries from Third World through migration 173
Subsistence farmers 21
Summers, Larry, and "the new paradigm" 229
Surplus value 29, 31-5; relative 34; see also Absolute Surplus Value, Relative Surplus Value
Sweezy, Paul 48; on transformation of values into prices 48
Syria 185
Taiwan 218, 242
Taleb, Nassim Nicholas, cheered at Davos for attack on bankers 292 Taylor, F W 34
Taylorism 35; and assembly line 35
TechNet 220
Technical advance, and the organic composition of capital 70-1
Technical composition of capital 69, 71; and organic composition of 73 71; and organic composition of 73
Telecoms investment boom of late 1990s 285
Temin, Peter, on Smoot-Hawley Act 302
Temporary contracts, Britain 337
Tett, Gillian, on Zombie banks, 12, 354
Thailand 221, 242; per capita growth in 1 960s 189
The means of production, ownership of 29
The new working classes of the "Third World" 336-339
Theory and Practice of Socialism, The (John Strachey) 163
Third World 18; economic growth during long boom 161, multinationals 220-1, 257 see also Global South
Three Mile Island 308
"Thrombosis in crisis" 153
Tiananmen Square protests of 1989 244
"Tiger cubs" 242
"Tigers" 242; after Asian crisis 282
Tipping points 308, 327
Tonk, Ertugrul Ahmet 126, 195-7
Index
421