Re: [Pen-l] Moishe Postone

[Jim Devine <jdevine03@xxxxxxxxx>]

Charles Brown wrote:
> What's your thought on the idea that the business cycle can't be reformed away ? [Your] opinion
and your opinion on Marx's opinion [on] that ?<

I think Marx was right that as long as we have capitalism, there will
be business cycles of some sort -- or the problem will be shifted in
some way (to cause inflation, at the expense of another country, etc.)
Social-democratic or Keynesian management of an economy doesn't change
the underlying problems of capitalism, though it might lead to a
period of apparent stability. Even if it does stabilize, the incentive
for capitalists is to undermine and/or get around that kind of
management, eventually destroying it.

I don't have time to explain why I think that's true.
-- 
Jim Devine / "Disbelief in magic can force a poor soul into believing
in government and business."  -- Tom Robbins
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