On Jul 5, 2013, at 9:01 PM, Jim Devine wrote:
I think I understand Jurriaan's point of view here. Some people who
believe that under capitalism that there is an irreversible tendency
for the rate of profit (and argue for their point of view using
theology-style logic) have somehow succeeded in defining themselves as
representing "orthodox Marxism."
But, of course, Marx defined the Law of the falling tendency of the
rate of profit as "requiring, for its defeat, periodic crises."
Nothing "irreversible" about that--on the contrary, the function of
crises is precisely to reverse it! The Law is a *long-term* tendency,
an "economic law of motion of modern society." It is capitalism's
"peau de chagrin."
Shane Mage
"Thunderbolt steers all things." Herakleitos of Ephesos, fr. 64
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