Mark: Agree. Economist Simon Johnson of MIT and others wanted to break up the big bank monopoly in Wall Street based on the principle of returning to competitive capitalism. From a progressive point of view, they are wrong. Big monopoly is not a hindrance to progress; it is a blessing to the society of changed social or property relations, which allow nationalization to take place. Socialism will be the next logic development of nationalized monopoly finance capital. The more monopolistic the world finance capital becomes, the more objective material basis for world socialism takes hold.
Maybe bourgeois economists want to avert anything socially big to nix the next finance implosion from coming.
Mark
On Thursday, September 16, 2010 12:18 PM Martin wrote: Subject: Re: [lbo-talk] Jimmy Carter on North Korea
>
> On Sep 16, 2010, at 5:01 AM, Carrol Cox wrote:
>
>> If you want to destroy capitalism you have to stop hating capitalist
>> society.
>
> In the thread on Fidel, dolphins and Cuban model, CB hilighted a Marxist
> theory about a withering of the state. When I read that I wondered why so
> many of us who long for a more equal society resist and deprecate
> capitalism. It seemed that permitting capitalism to reach a stage of
> global domination is a key step in the transition to socialism.
>
> martin
> ___________________________________
> http://mailman.lbo-talk.org/mailman/listinfo/lbo-talk