[lbo-talk] Re: NYT: "Too Much Capital"

[John Mage]

"Twist and turn as one will, there is no way to avoid the conclusion
that monopoly capitalism is a self-contradictory system. It tends to
generate ever more surplus, yet it fails to provide the consumption and
investment outlets required for the absorption of a rising surplus and
hence for the smooth workings of the system."

Baran and Sweezy, _Monopoly Capitalism_ Chapter 3, Section 5 (Monthly
Review Press, 1966) p.108

john mage