<!DOCTYPE HTML PUBLIC "-//W3C//DTD HTML 4.0 Transitional//EN"> <HTML> Rakesh Bhandari wrote:   <BLOCKQUOTE TYPE=CITE> <PRE>For all his emphasis on competition, Brenner  slides into the neoclassical world here. The profitability of stronger enterprises is boosted by the cheapend capital assets they pick up and the higher rate of exploitation workers are willing to accept; the market share they win then induces them to undertake the large scale investments by which unit costs can be reduced and profitability restored (see Mattick, Moseley, Carchedi). Which is to say that any renewed accumulation begins with a more centralized capital on a WORLD scale  and therefore with a larger reserve army of labor on a WORLD scale.. Capital is not capable of generating general prosperity on a WORLD scale even if it overcomes the falling rate of profit; the system will generate absolute misery on a WORLD scale at ever higher levels, no matter whether the rate of profit or accumulation, be high or low. The system must be destabilized and overthrown. But Brenner can't get himself to say that. Too bad. That's why I read Mattick--he was one fearless, Marxian thinker.</PRE> </BLOCKQUOTE> This what I love you for, Rakesh. Mark  </HTML>