On Mon, Mar 23, 2026 at 03:09 PM, Joseph Green wrote: > > looking at economic issues through "the prism" of such a wrong and > inconsistent view of value can´t help but damage their [Roberts and > Carchedi] analysis of twenty-first century capitalism.
You boxed yourself in: their understanding of value is wrong, so their analysis must be wrong. Didn't see where you engaged their analysis. Roberts' analysis is that the stagnation of capitalism today is caused by a long term fall in the rate of profit. (There is lots of room to debate whether the data support that.) He can't explain why the rate fell long term. Sometimes he plays with Kondratiev cycles; it goes nowhere. Marx identified the fall in the rate of profit as the cause of prosperity falling or crashing into depression, and depression clearing the way for prosperity. These cycles have operated in industrial capitalism for more than 200 years. This mechanism cannot be the explanation of the end-phase of capitalism, which has indeed arrived ( http://www.hollowcolossus.com ). -=-=-=-=-=-=-=-=-=-=-=- Groups.io Links: You receive all messages sent to this group. View/Reply Online (#41237): https://groups.io/g/marxmail/message/41237 Mute This Topic: https://groups.io/mt/118471285/21656 -=-=- POSTING RULES & NOTES #1 YOU MUST clip all extraneous text when replying to a message. #2 This mail-list, like most, is publicly & permanently archived. #3 Subscribe and post under an alias if #2 is a concern. #4 Do not exceed five posts a day. -=-=- Group Owner: [email protected] Unsubscribe: https://groups.io/g/marxmail/leave/13617172/21656/1316126222/xyzzy [[email protected]] -=-=-=-=-=-=-=-=-=-=-=-
