[lbo-talk] Roubini: Marx was right

D. T. Cochrane dtc at yorku.ca
Sat Aug 13 12:11:18 PDT 2011


So when Marx wrote the following:

"capitalist production begets, with the inexorability of a law of Nature, its own negation."

in Vol. 1 of Capital, he didn't mean it?

On Sat, Aug 13, 2011 at 12:07 PM, Carrol Cox <cbcox at ilstu.edu> wrote:


> On 8/13/2011 12:32 PM, ken hanly wrote:
>
>> I somehow had the idea that this would happen only if the working
>> class organized to make it happen. What is being destroyed is the social
>> safety net and all the gains that social democracy achieved earlier.Would
>> Marx consider the UK rioters part of the lumpenproletariat? Cheers k hanly
>>
>> Yes. Marx never claimed that capitalism would destryo itself. He did
> claim that it produced its own grave diggers, the working class. He did
> _not_, however, claim that the victory of that class is certain. He was no
> utopian Progressive, believing that onward and upward was built into the
> structure of history.
>
> Carrol
>
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