Re: RE: Re: Historical Materialism

[Rakesh Bhandari <rakeshb@xxxxxxxxxxxx>]

>  > Charles Brown wrote:
> >  >Isn't value theory a premise of Doug's book ?
>
> Doug writes:
> >  If you mean that workers produce everything of value (in conjunction
> >  with some goods supplied by nature), and that much division and
> >  redivision of the spoils goes on, and that finance can obscure those
> >  fundamentals, yes. If you mean the rest of it - OCC, the
> >  transoformation problem, the distiction between productive and
> >  unproductive labor, etc. - then no. Damn waste of time, I say.
>
> The rising OCC theory seems a waste of time except those specifically
> interested in crisis theory (and the dogmatic version is just a pain, like
> all dogma),


except that it illuminates what is plain for all to see--the
importance not greater purchasing power as a 'solution' and/or
solution but of the destruction and the devaluation of capital in the
restoration of profitability, accumulation and therefore the
realization of surplus value.

rb