doug replied:
>Is what catastrophic? Rescheduling? If rescheduling makes the
>"unsustainable" sustainable, then it perpetuates the regime of
capital
>accumulation rather than letting the contradictions ripen to their
fullest.
>And with every rescheduling usually comes a political concession or
two.
exactly, which is why the original post included the citation from ricciardi: ------- "ricciardi (ripe, v10), also makes the excellent point that in marx's _class struggles in France_, it is the rescheduling of debt which enables the re-assertion of bourgeois authority.
"Marx vehemently opposed the monetary reform schemes offered in the name of the revolution by the Proudhonists. It was not enough to win working class representation in the state while preserving capitalist relations of production and finance. In the credit advanced for concessions to the Provisional Government lay the 'rescheduling' of the time path for the bourgeois consolidation of power that ultimately crushed the working class and collected the debts of the haute banque." (p72) -------
are my sentences getting too long?
angela