[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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