[lbo-talk] counter-tendencies

Doug Henwood dhenwood at panix.com
Tue Nov 27 13:24:13 PST 2007


On Nov 27, 2007, at 12:52 PM, bhandari at berkeley.edu wrote:


> http://www.marxists.org/archive/grossman/1929/breakdown/index.htm
>
> see chapter 3
>

"The historical tendency of capital is not the creation of a central bank which dominates the whole economy through a general cartel, but industrial concentration and growing accumulation of capital leading to the final breakdown due to overaccumulation."



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