Brenner on competition

[Andrew Kliman]

Rakesh Bhandari wrote:
"In terms of Grossmann's scheme it is as if capitals were about
to hit year 21 or 22, the point at which capitalist consumption
*for the class as a whole* declines absolutely."

This is false.

What declines in Grossmann's scheme is the sum of VALUE that
capitalists' spend on consumer goods.  I have generated numerical
examples (employing Grossmann's own restrictions) in which the
consumption of the capitalists -- the amount of GOODS they
consume -- rises and rises and rises, until the year of
breakdown.  Then, of course, it suddenly plummets to zero,
because Grossmann's assumptions imply that the demand for
investment goods exhausts or more than exhausts all the output.

I am ready to prove this if necessary.

Andrew ("Drewk") Kliman      Home:
Dept. of Social Sciences     60 W. 76th St., #4E
Pace University              New York, NY 10023
Pleasantville, NY 10570
(914) 773-3951               Andrew_Kliman at msn.com

"... the *practice* of philosophy is itself *theoretical.*  It is
the *critique* that measures the individual existence by the
essence, the particular reality by the Idea." -- K.M.