File spoon-archives/marxism-thaxis.archive/marxism-thaxis_1997/marxism-thaxis.9710, message 239


From: Dieter Dambiec <d.dambiec-AT-student.canberra.edu.au>
Subject: RE: M-TH: The Next Thinker: The Return of Karl Marx (The New Yorker -Oct. 20&27)
Date: Tue, 21 Oct 1997 21:03:13 +1000



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-----Original Message-----
From:	Justin Schwartz [SMTP:jschwart-AT-freenet.columbus.oh.us]
Sent:	Monday, October 20, 1997 11:23 AM
1. Showing that labor could be exploited without cheating, in the normal
operation of capitalism. In short, explaining where profit comes from.

2. Revealing the long term dynamics of capitalism, in particular, its
inevitable fall via the tendency of the rate of profit to fall.
[>] 
Capitalists, in either their singular or collective forms, are the most pernicious economic exploiters today. All over the world they are continually exploiting local economies and draining their wealth. In nearly all cases the profits they accrue are spent outside the local area and remitted to outside stockholders and parent companies. An essential measure to control this economic exploitation is that the speculative markets in all countries of the world should be closed down immediately. To create 100% employment among local people, PROUT supports both a short term and a long term economic plan.

In the short term plan, labour intensive industries based on the collective minimum requirements of life should be started immediately or made more productive where they already exist. These industries should be based on the consumption motive.

They should also provide a rational profit in order to guarantee adequate purchasing capacity to those employed in them and to ensure their continued existence and growth.

In the long term plan, capital intensive industries should also be developed to increase the productive capacity of the socioeconomic unit. 

What is needed is a three-tiered economic structure, that is, small scale privately owned businesses, medium scale co-operatives and large scale key industries managed by the immediate government. Such an economic structure should be based on the principles of self-reliance, maximum utilization, rational distribution, decentralization, rationalization and progressive increases in the standard of living of all people.

Marx was wrong in his ownership model.  Hence co-ops are preferable.  Small scale businesses, eg local hairdresser is not a big deal and can be tolerated but if getting too big then needs to become a co-op.

Through the never ending creation of new industries, new products and new production techniques incorporating the latest scientific discoveries, the vitality of the economy can be increased. As part of the long term economic plan, working hours may also be progressively reduced to maintain full employment.

As a theory of exploitation, value theory is useful.
[>] 
[>]  The value of money increases with its mobility. That is, the more money changes hands, the greater is its economic value. If money is kept locked in an iron safe it gets musty and its economic value decreases. This is the most fundamental principle of economics.

      Society should establish its banking system in order to promote public welfare. If we consider the entire economic progress of society, banking is indispensable. The proverb "Keep cows (money) moving." is as true as the proverb "Keep the wagons moving." But the banking system must note two important things.

 The system of banking must be organized in such a way that the life of the average people should not be jeopardized by the demonic greed of the banks, as in the case of forcing people to pay exorbitant rates of interest. In the past this took place in most countries of the world. And even today it still takes place in not only undeveloped countries but also in developed and developing countries.

      The second defect of the banking system is that political administrators who have no financial consciousness print monetary notes indiscriminately without reserving the proportionate amount of bullion in their treasuries.

      Finally, whatever the quantity of production in the country, it does not enhance the standard of living of the people. The rich become richer and get the scope to continue their exploita tion mercilessly. The rulers of the state in state capitalism get themselves entrenched in the role of exploiters with a far tighter grip. State capitalism in any form--whether state capitalism, socialism or capitalism--ultimately becomes more dangerous and bloodsucking than the blood thirst of ghosts and demons.
   
  The banking system should be maintained through a proper system of interest rates. Otherwise the flow of money will be impaired. If anybody guided by their selfish whims or any other selfish thoughts opposes the banking system, then he or she will have to go back to the dark ages as far as the banking system is concerned. They are bound to lose proper equipoise and equilibrium in the physical sphere. Then because of their lopsided development, they will reduce themselves to objects of ridicule in the psychic and spiritual spheres. If anyone reaches such a bankrupt state, I do not like to think about it.

      So you see that the fundamental principle of the banking system is "Keep money rolling." Let the government administra tion be active in their economic endeavours, and let the people purchase rice, grams, pulses, vegetables, oil, salt, sugar etc. as much as they need. Let money go to the grocers, to the sugar cane vendors, to the confectioners, to the factories, to the labourers, to the weavers. And let the colourful saris of the weavers be purchased and worn by the newly married brides, adding to the colour and prosperity of society. PR Sarkar
      21 December 1986, Calcutta (Shabdha Cayanika Part 10) 
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