In a previous life (back in 1986), I read Henryk Grossman's "La ley de
la acumulación y el derrumbe del sistema capitalista" (Siglo XXI
Editores, Mexico, 1979) and took notes.  With a few annotations and
edits, here's the translation of my bottom-line summary of the book.

For context, I should say that at the time I had fresh in my mind
three works that I particularly liked: One, a 2-vol. set compilation
of articles by several Soviet authors (Krasnov and Fridman, inter
alia) titled "Modelos económico-matemáticos" (1983, Spanish
translation by Mercedes Álvarez Valle, mimeo, UH, Ciudad Habana,
Cuba).  Two, Anwar Shaikh's "Introducción a la historia de la teoría
de las crisis" (1983), which was originally written in English and
must be on the net, and Roman Rosdolsky, "Génesis y estructura de El
Capital de Marx (estudios sobre los Grundrisse)" (Siglo XXI, México,
1978), which has a version in English:

I don't have Grossman's book with me now, either in English or
Spanish, and I'm not planning to buy it.  Neither do I have any of
those other works referred above.  So I can't really see now whether I
was fair or unfair in my judgments.  Still, the notes may help Charles
in his study of Grossman.    Good appetite.

*  *  *

First published in 1929 (lucky year!), among the Marxist works of the
time, Grossman's exhibits an above-average understanding of the
methodology of Marx's Capital.  He seems to have a fair sense of the
method as he enunciates it in general.  However, *the whole point of
his book* suggests that he doesn't really grasp it.  If one tries to
straighten out the confusion, theoretically, Grossman's idea of the
breakdown as the result of capitalist accumulation is either trivial
or incorrect.

It is trivial, if we take as Grossman's view his preemptive remarks
against a "pure economistic" interpretation of the breakdown.  In this
view, he has in mind the idea of capitalism's concrete breakdown
through the workers' class struggle.  In this sense, he doesn't add
anything to Marx in, say, ch. 32 [vol. 1, Capital].  Nothing automatic
about the breakdown.  In fact, no "theory" of breakdown as such.  Only
the notion that "inexorably" (inexorable inasmuch as social life under
capitalism is an "organic process" of "natural history") capitalist
production creates its negation (individual appropriation on a higher
base made possible by advanced capitalist production: large-scale
cooperation plus the common ownership of the means of production).
How?  Through a process whose details cannot be specified in advance
(workers will make a trail as they walk it) whereby the expropriators
are expropriated by the mass of producers, etc.

It is also trivial if we take as Grossman's view of the breakdown the
notion that, at some level of abstraction, i.e. under given parameters
(e.g. a declining rate of profit), a path of social reproduction will
have the profit rate converging to zero.  That result will follow from
assuming that the profit rate declines and/or from the other
assumptions.  Grossman suggests that the gradual approximation to the
concrete evolution of capitalism imposes a certain order or sequence
in the series of assumptions made/relaxed.  That is an appealing idea,
but I don't think Marx established that.  Nor is that order or
sequence obvious in any way.  And Grossman's confused ways don't help
in determining the proper path of determined [or "real"] abstraction.
[I'm now totally sure that there's no such deterministic path.
Capitalism is always a moving target.  And I don't think Marx
envisioned any strict, deterministic sequence of abstractions.
Instead, he seemed to have been grappling with that sequence as any
artist would grapple with a work of art.]

If we want to derive a practical conclusion from this theoretical
exercise though, the conclusion is that, under a host of conditions,
the social reproduction of capital can run into disruptions,
interruptions, obstacles.  [Curiously, I made a point similar to this
in a recent post in reply to Les.]  That may loop back to the previous
notion that, workers in the course of their lives will problematize
such events to the point at which they find the whole system that
generates them [i.e. capitalism] intolerable.  If so, then Grossman is
proposing nothing new.  In any case, Grossman's suggestion that a zero
profit rate would lead in and by itself to the breakdown of capitalism
is non-sense.  In practical life, without a rebellious, organized
working class, any zero profit-rate scenario would be temporary.  The
capitalists would manage to reestablish conditions for further
reproduction with positive profit rates by increasing exploitation
rates.

On the other hand, Grossman's discussion of Otto Bauer's schema
[extensions of Marx's vol. 2 reproduction schemes], suggest that his
[Grossman's] real claim is that it is impossible to find any abstract
path of capitalist reproduction such that capital accumulation
continues indefinitely.   This is wrong!  Krasnov and Fridman [and
Oskar Lange and others] show that, in the abstract, expanded
reproduction with a growing organic composition can go on *forever* as
long as the surplus value rate is also allowed to increase.  And why
is it "unrealistic" to assume that the surplus value rate will
increase when a growing organic capital composition is deemed as
realistic?  Only if the workers oppose its increase successfully, the
rate of surplus value will be fixed.  Yet, under normal times (without
the insurrection of the working class), the class struggle barely
catches up with the rather continuous development of the productive
force of labor.

So Grossman's is another version of the same error Rosa Luxemburg
made.  Grossman (as Luxemburg) seems to think that if indefinite
expanded reproduction is possible, then Tugan-Baranowski must be
right.  It doesn't follow.  As Lenin believed [here I'm referring to
young Lenin's views in contrast with those of the Russian Sismondists
or populists, and mature Lenin's remarks against Luxemburg's work], in
the abstract, under rather general conditions (including a growing
organic capital composition), expanded reproduction can go on
indefinitely... for as long as a workers' rebellion is not factored
in.

Grossman could argue, perhaps, that those "rather general" conditions
under which expanded reproduction can go on "forever" (in theory) are
not realistic.  Indeed.  It's not realistic to imagine workers who,
over generations, remain human and non-rebellious.  Temporarily, the
workers' spirit can be debilitated, but over generations workers will
recover.  That said, this lack of realism would have nothing to do
with relaxing the assumption of a constant organic composition of
capital (Bauer) and everything to do with working class political
readiness.

This confusion is Grossman's main flaw.
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