[lbo-talk] Goodbye to the export of surplus capital?
c b
cb31450 at gmail.com
Tue Feb 8 09:52:29 PST 2011
Because rates of profit and wealth concentration at the top were
getting squeezed by workers, social activists and social democratic
policies. So capital did the two things it always does to maintain
profits and concentration: it innovated around the rules and/or
outright rewrote the rules in its favor. That said innovation and
pro-capital policies led to crisis is the bases for all left theories.
^^^^^^^^
CB: As long as the rules are that the property relation is the
wage-labor /capital relation, left theories predict chronic crisis ,
no ? Even without innovating the rules, such as deregulation of
finance in the last 30 plus years, crises are predicted by the left.
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