Re: [OPE] Just published: THE NATIONAL QUESTION AND THE QUESTION OF CRISIS (RPE, Vol. 26)

The work that me , Allin and David have been doing on the rate of profit shows that the increase in unproductive expenditure has been the main means used by capitalism in the metropolises since 1980 to raise the rate of profit.
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From: ope-bounces@lists.csuchico.edu [ope-bounces@lists.csuchico.edu] On Behalf Of paul bullock [paulbullock@ebms-ltd.co.uk]
Sent: Friday, November 26, 2010 10:28 PM
To: 'Outline on Political Economy mailing list'
Subject: Re: [OPE] Just published: THE NATIONAL QUESTION AND THE QUESTION OF CRISIS (RPE, Vol. 26)

Paul

If you are correct... as I said..., then what is there not to understand about the statement that’ the future of capitalism seems to be guaranteed’ by squeezing all other uses of S every time there is a shortage of capital for accumulation?

It simply raises the question of why there should be insufficient capital to meet the 10-15% of S definitely needed according to your figures.... and one supposes that it must simply be overconsumption of the capitalists , including their unproductive expenditures. Are we to conclude that capitalism overproduces S with respect to the needs of accumulation, and that the whole question of the future rests not in the barrier capital presents to itself , but simply ‘anti-social’ expenditure patterns, and so endeless debates between ‘the tinkerer’s, redistributers and hangers around’?

Is this goodbye then to the’ overproduction of capita’, or commodities, or the strangulating effect that the relations of production were said to have on the growth of the forces of production? How do you fit all this into your findings?

paul

From: ope-bounces@lists.csuchico.edu [mailto:ope-bounces@lists.csuchico.edu] On Behalf Of Paul Zarembka
Sent: 24 November 2010 14:28
To: Outline on Political Economy mailing list
Subject: Re: [OPE] Just published: THE NATIONAL QUESTION AND THE QUESTION OF CRISIS (RPE, Vol. 26)

Paul B.,

I don't understand this reaction.

Where is the actual result seriously deficient? I wasn't being hypothetical but reporting empirical results based upon theoretical formulation, extending Marx's.

Paul

=====

(V23) HIDDEN HISTORY OF 9-11, Seven Stories Press, 2nd ed. softcover

(V24) TRANSITIONS IN LATIN AMERICA (V25) WHY CAPITALISM SURVIVES CRISES

(V26) THE NATIONAL QUESTION AND THE QUESTION OF CRISIS

====> Research in Political Economy, Emerald Group, Bingley, UK

====> P.Zarembka, Ed., www.emeraldinsight.com/books.htm?issn=0161-7230<http://www.emeraldinsight.com/books.htm?issn=0161-7230>

.

On 11/24/2010 6:22 AM, paul bullock wrote:
Furthermore if the rate is so low the future of capitalism would seem to be guaranteed by a squeeze on other uses of S...
very convenient for the tinkerer’s, redistributers and hangers around

PBl

From: ope-bounces@lists.csuchico.edu<mailto:ope-bounces@lists.csuchico.edu> [mailto:ope-bounces@lists.csuchico.edu] On Behalf Of Dave Zachariah
Sent: 24 November 2010 09:27
To: Outline on Political Economy mailing list
Subject: Re: [OPE] Just published: THE NATIONAL QUESTION AND THE QUESTION OF CRISIS (RPE, Vol. 26)

On 23 November 2010 16:43, Paul Zarembka <zarembka@buffalo.edu<mailto:zarembka@buffalo.edu>> wrote:
Paul Zarembka extends, theoretically and empirically, Marx's analysis of long-term capitalist
accumulation and shows that merely 10-15% of surplus value has been needed
for the accumulation occurring over the past 150 years.

I have yet to read your article, but I doubt that this statement could be made very general. E.g. For parts of Western Europe and especially Japan in the past, and China today, surely the figures were closer to 100%.

//Dave Z

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Received on Sat Nov 27 03:15:13 2010