[lbo-talk] social democracy vs Marxism

parthasarathy kalalesrinivasaranga kalalepsarathy at gmail.com
Wed Jul 26 09:27:05 PDT 2006


talking of the instituional structure under capitalism being more efficient than under Socialism... the extraction of surplus , which is a necessity for expansion of poroduction, is far higher under the capitalistic instituional stucture. If this is the criteria for judging the efficiency it is so. If extraction of surplus is considered as unacceptable social exploitati9n, then what is growth needs to be redefined. But capitalist instituion by extracting more than what the instituional structure could put up with, as it is driven by idividual greed, will ultimately lead to the breakdown of the very structure as under monoploy. what is the fine tuned balance which will sustain socially necessary growth rate is the key question.

-- kalalepsarathy



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