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

John Mage jmage at panix.com
Sat Mar 26 09:07:45 PST 2005


"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



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