[lbo-talk] Austreity in the face of weakness

michael perelman michael.perelman3 at gmail.com
Wed Sep 8 12:43:38 PDT 2010


Mattick and Jacoby, Russell. 1975. "The Politics of the Crisis Theory: Toward the Critique of Automatic Marxism, II." Telos , No. 23 (Spring): pp. 1-52

They are condeming the passive social democratic policy of waiting for the crisis to do the hard work of organizing for socialism. Patrick Bond might be the least passive person on the list.

On Wed, Sep 8, 2010 at 5:40 AM, James Heartfield <Heartfield at blueyonder.co.uk> wrote:
> Doug, to Patrick: 'I really don't see how relying on capitalism to blow a gasket - repeatedly predicting it, rejoicing when it seems to be happening, expressing regret when it's revealed to be a false alarm - demonstrates a great helping of forward vision.'
>
> Or as Paul Mattick mocked:
>
> 'For some of his disciples the "law of value" . seems to assure the breakdown of capitalism ...Marx's critique of political economy became the ideology of the inevitability of socialism.' ('Value Theory and Capital Accumulation', Science and Society, Winter 1959, Vol XXIII, No 1, p 33)
-- Michael Perelman Economics Department California State University Chico, CA 95929

530 898 5321 fax 530 898 5901 http://michaelperelman.wordpress.com



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