[lbo-talk] Austreity in the face of weakness

[Wojtek S]

[WS:]  A belief that capitalism will  collapse under its own contradictions,
will be abolished by the masses fed up with those contradictions, or a
combination thereof is no different, in my opinion, than the belief that "it
is easier for a camel to go through the eye of a needle than for a rich man
to enter the kingdom of God."  Both are fictions providing consolation to
grunts  who believe in them.

Wojtek

On Wed, Sep 8, 2010 at 3:43 PM, michael perelman <
michael.perelman3 at gmail.com> wrote:


> 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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