Re: rev and reform

[Rakesh Bhandari <rakeshb@xxxxxxxxxxxx>]

>  >CB: Yes, actually, I was going to type in some of Perlo's chapter
> > "The Rate of Profit".  The funny thing is Perlo uses both the famous
> > "anti-consumptionist" quote from Vol. II that you stand on and the
> > "ultimate cosuming power of society" quote from Vol. III that shows
> > your view is only part of Marx's view.
>
> Charles, I wrote a long reply to you that I do not block inadequate
> consumption from view; I attempt to explain in terms of difficulties
> in production. You never did reply.
> So I am not going through ground hog day with you.
>
> ^^^^^
>
> CB: When was that ?      In this most recent exchange or from before
> ? I believe I missed this. If you have it still, send it to me
> offlist.

Answer it yourself Charles: how can a shortage of surplus value be
manifested either as inadequate demand for the commodities that have
already been produced or--what is the same thing--as a surplus of
commodities vis a vis demand?

Look at the posts that you never responded to on 10/23 and /24.

Note again the challenge that I put to you offlist that you never answered:

Charles, you need to read vol II. demand for dept II is not the only source of
demand. Have you been reading a word of what Jim D has been saying?
Sure there is an attempt by each capitalist to reduce wages, and thus
the purchasing power, of its own workers. This is a source of realization
problems for the producers of wage goods. But as Carchedi has
explained if lower real wages were simply  determined by capital's
attempts to increase profits, the concomitant decrease  in purchasing
power for wage goods could be tendentially self correcting.

Realization problems in the wage goods sectors would cause lower profits in
that sector and eventually capital movemnts to other sectors. The reduced
supply of wage goods could thus be tendentially brought into line with their
social demand.



Rakesh