[Marxism] Notes on the current crisis of capitalism

["Charles Brown" <charlesb@xxxxxxxxxxxxxxxxxxxxx>]

S. Artesian 

Odd then isn't it, that Marx spent so little time and effort in exploring 
"underconsumption" and so much time and effort on the problems of expanded 
reproduction of capital with a falling rate of profit-- with the 
overproduction of the means of production?

^^^
CB: Even stranger that he never stated the proposition that is your thesis, but 
did say in Vol. 3 explicitly, in the midst of all that "exploration" that the 
ultimate cause of all crises is that capitalists produce as if  everything 
produced could be bought. He never says the "law of the tendency of the rate of 
profit to fall  is the explanation of the business cycle."

^^^^^

Marx who explored the contradictions of capital, primary, secondary, and 
tertiary, locates the "fundamental contradiction of capital" in its 
organization of wage-labor, its need simultaneously aggrandize and expel 
that labor from production thus over-producing beyond the source of its 
profit.

^^^
CB: Well,  he finds the fundamental contradiction of capitalism in the social 
nature of production and the private nature of appropriation. 

Hmmm "in its organization of wage-labor" ? And what is the contradiction in 
that ?  It's that the wage-laborer is not paid for all that she produces.





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