Date: Sat, 6 Dec 97 2:10:07 EST From: boddhisatva <kbevans-AT-panix.com> Subject: Re: M-I: M-FEM: JKG meets VI Lenin: Let's add a feminist voice To whom..., Far from an argument against the market, the example of overproduction here is a cautionary tale for those who think that they can regulate the economy into order. The problem that small agricultural producers (fishermen, small farmers) have is a simple lack of diversification and inadequate access to hedging and new markets. When anybody overinvests in a particular technology (be they governments, individuals, firms, whatever) they lose the ability to respond rationally to the market since for them it is produce or lose everything. Of course we have seen this time and time again with nationalized industries that are not well rationalized to the market. When an economic unit lacks capital to hedge its production strategy it has no choice but to produce all it can regarsless of the use value of that product. Production boards, quotas and other neo-socialist, statist methods are doomed to failure. They attempt to limit the capitalist market, and only succeed in limiting commerce and overall production in the end. The answer is not to contain the capitalist market, but to radicalize it, and give it over to the proletariat. peace --- from list marxism-international-AT-lists.village.virginia.edu ---
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