The economic crisis that has been besetting Argentina is a manifestation of the constraints of the constraints on capital generated by the nation state. The circumscription of much of Argentinian capital within the confines of its borders checks the expansion of Argentinian capital. Consequently its failure to expand beyond its borders at any substantive levels lead to crisis for this form of industrial capital. Consequently it fails to compete successfully with multinational industrial capital. It is the increasing globalisation of capital that leads to the growing crisis facing Argentinian capital that proves too nationalised to face down multinational corporations. Because increasing globalisation of capital means that costs are globally based this means that if nationally based industrial capital cannot keep costs at the internationally based level it suffers decline. Argentinian capital has increasingly failed to keep costs in line with the international average. This ! is because it is not globally based industrial capital. The lack of globalisation of Argentinian capital means that it cannot exploit international conditions to produce cheaper commodities that can compete on the global market. The forces of production have been increasingly transcending the limits of the nation state.
For Argentinian capital to survive this crisis, assuming the working class does not in the meantime take power, not less globalisation but more globalisation is the requirement. For it to come out the other side of the crisis not more regulation but less regulation is the answer. Consequently the national reformism is increasingly bumping up against its limits. It seeks to find solutions based on a nationalist framework at a time when the national framework is even less justifiable than it was formerly. Karl Carlile Be free to visit the Global Communist Group web site at http://homepage.eircom.net/~beprepared/
