[p2p-research] Capitalism's Crisis, Marx's Shadow--in Monthly Review

[Michel Bauwens]

I've copied similar material to:

http://del.icio.us/mbauwens/Meltdown

On Mon, May 25, 2009 at 3:41 PM, Kevin Carson <
free.market.anticapitalist at gmail.com> wrote:

> On 5/23/09, Ryan Lanham <rlanham1963 at gmail.com> wrote:
> > Georgio Bertini, whose bookmarks I've long admired, bookmarked this
> article
> > by a University of Massachusetts professor, Rick Wolff
> >
> > http://www.monthlyreview.org/mrzine/wolff260908.html
>
> Walden Bello made a similar analysis.  The reindustrialization of
> Europe and Japan ca. 1970 ended the grace period for American
> capitalism, and the crisis of overaccumulation resumed in good
> earnest.  Since then, capital has attempted several successive
> expedients to soak up surplus capital:  there was neoliberalism and
> the export of capital, then the tech boom, then the real estate boom
> and the second wave of suburbanization, along with consumer debt to
> remedy the demand shortfall.  The hypertrophied FIRE economy and
> securitized debt was the biggest surplus capital sponge of all, and
> had the virtue of only pyramiding multiple claims on existing
> productive capacity without actually increasing production.
> Walden Bello, "A Primer on Wall Street Meltdown," MR Zine, October 3,
> 2008 <http://mrzine.monthlyreview.org/bello031008.html>.
>
> More generally, the tendency of monopoly capitalism to generate a
> surplus has been the central thesis of the Monthly Review group since
> the magazine's founders, Paul Baran and Paul Sweezy, wrote Monopoly
> Capital.
>
> --
> Kevin Carson
> Center for a Stateless Society http://c4ss.org
> Mutualist Blog:  Free Market Anti-Capitalism
> http://mutualist.blogspot.com
> Studies in Mutualist Political Economy
> http://www.mutualist.org/id47.html
> Organization Theory:  A Libertarian Perspective
> http://mutualist.blogspot.com/2005/12/studies-in-anarchist-theory-of.html
>
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