Date: Tue, 25 Apr 95 5:56:38 EDT From: boddhisatva <foucault-AT-eden.rutgers.edu> Subject: Re: globalizatio of capital In response to Mr. Meisenhelder, While I don't think the growth of international capital obverts the preeminince of the state, it does show that ownership is a concept which transcends other political constructs. The lesson for Marxists is that ownership is fundamental in social orders, and efforts to obviate it through government are doomed. To the extent that ownership is problematic, it must be attacked under it's own terms. This implies a need for a strong syndicalist component in the revolution, since syndicalism recognizes the pre-eminence of industrial ownership in the same way that international capital does. Furthermore, international socialism has logically to justify itself on the same grounds as international capitalism. Attacking international capital on the basis of imperialism is problematic. How would American socialists attack anyone on that basis ? Ownership is the political coin of economy, and it is universal tender. Our problem is not only to redistribute ownership, but to do it on a universally acceptable basis. Just as proprietorship challenged feudal domain, and the corporation replaced proprietorship, socialism must replace the corporation with a universally applicable model. The industrial union is the beginning of such a model, and it must take the valuable aspects of the corporation into it. It seems to me that Marxists too often react to international capitalism as the Evil Empire which separate bands of revolutionaries must fight. We must recognize that international capital has been found prefectly acceptable by nation after nation. This is because international capitalism is not an empire, but a method of creating empires. Socialism has to create methods that are as universally useful to the proletariat as capitalism is to the world bourgeoisie. How can we attack, for example, the World Bank and IMF themselves when they are units conceived to extend the credit derived from the wealth of the first world, to the rest of the world. Certainly any international socialist would conceive of the same thing. The problem is what can be bought with that credit, and the terms of the contract, not the bank or the fund itself. peace --- from list marxism-AT-lists.village.virginia.edu --- ------------------
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