theprofit rate & recession

["Charles Brown" <CharlesB@xxxxxxxxxxxxxxxxxxxxx>]

theprofit rate & recession
by Doug Henwood
15 January 2002 20:20 UTC

Michael Perelman wrote:

>Doug, that I think that the big capitalists do understand their interest.
>The small ones to whom the Wall Street Journal appeals on their editorial
>page do not.  We were just discussing yesterday how major businesspeople
>appreciate Marxist analysis.

Yes, because they appreciate class analysis, and they know which side
of the class divide they're on. But social democracy blurs class
lines, weakens social discipline, reduces the power of bosses, raises
wages, etc. - so it's no wonder they don't like it.

^^^^^^^

CB: From the standpoint of capitalists, aren't social democratic concessions given , grudgingingly, when they are fearful that the depth of crisis might cause full revolutions, since we agree that the capitalists have a "Marxist" consciousness , but from the capitalist side of the class struggle ?

Social democratic and fascist historical similarities might be due to the fact that they are alternative capitalist responses to potentially revolutionary crises.