Yeah. I'm not disputing Marx's view, just emphasizing my interpretation of a particular aspect, which I believe corresponds to Marx's view.
On Fri, Mar 4, 2011 at 9:30 AM, Jurriaan Bendien <[email protected]>wrote: > "In fact, capital is not self expanding but depends precisely upon that > free play provided by the reserve industrial army to appropriate ever more > of the energies of an expanding population and of natural resources while > paying progressively less for them." > > Actually, Marx himself never said that capital is "self-expanding" > [Selbst-erweiterung]. He wrote rather about the "valorization of capital" > [Kapitalverwertung], the "self-valorization of capital" [Selbstverwertung] > and (ostensibly) "self-valorizing value" [selbstverwertende Wert]. > > References to the "self-expansion of capital" do not occur in the original > texts in German, and are a new idea introduced by various translators, at a > time when the concept of "valorization" was not yet generally recognized as > a specific scientific term. I provided a short wiki here: > http://en.wikipedia.org/wiki/Valorisation > > So if you reject the idea that capital is "self-expanding" you are on solid > ground, at least as far as Marx's writings are concerned. > > When e.g. Christian Palloix used the term "self-expansion of capital" he > really meant the "endogenous growth pattern" which arises out of the > intrinsic "logic" of capital accumulation or the enlarged reproduction of > capital. But even this usage is a bit dubious, since the predicated market > expansion means not just "expansion of already existing markets", but > expansion into "previously non-capitalist areas". Thus, it seems more > appropriate to say that the "endogenous logic" of capital interacts with > the "exogenous logic" of an environment external to it, and that the real > outcome is the result of this interaction, not simply of > the endogenous logic of capital. > > J. > > _______________________________________________ > pen-l mailing list > [email protected] > https://lists.csuchico.edu/mailman/listinfo/pen-l > > -- Sandwichman
_______________________________________________ pen-l mailing list [email protected] https://lists.csuchico.edu/mailman/listinfo/pen-l
