Re: [Pen-l] The Depression: A Long-Term View

[Sandwichman <lumpoflabor@xxxxxxxxx>]

On Sun, Nov 2, 2008 at 9:31 AM, Carl Dassbach <dassbach@xxxxxxx> wrote:

> observation that "the present crisis does not lend itself to the kind of
> transitions that have previously characterized capitalism" is NOT a problem.
>  It is precisely the point!!!!

By the "kind of transitions" I mean -- and I take Wallerstein to mean
-- to another regime of capitalist accumulation. It could be to
another regime of accumulation. It could even be a regime of
accumulation that calls itself "capitalist". But the key question is
whether or not the logic of that regime is essentially capitalist,
which is to say accumulation based on an objectified form of social
domination that takes place in the labor process and "behind people's
backs", so to speak.
...
> Hence, I reject Wallerstein's argument and the implicit structural
> functionalism of his thinking.

But my challenge to you would be to go through the logic of
Wallerstein's argument and specify what is wrong with it and why.
Otherwise, I reject your rejection.

-- 
Sandwichman
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