Subject: Re: Is capitalism "moribund"? From: wpc-AT-clyder.gn.apc.org (Paul Cockshott) Date: Fri, 28 Jul 95 14:02:35 PDT Capitalism on a world scale will not be threatened with fundamental limits to its development until the industrialisation and consequent proletarianisation of the world is complete, and until the world's rate of population growth has substantially reduced. Once that occurs two important processes will come into operation: 1. Any accumulation of capital at a faster rate than the residual population growth must result in a rising organic composition of capital tending to push profit rates down. 2. Elimination of the latent reserve army will strengthen the bargaining position of the world proletariat, reducing the possibility of raising the rate of surplus value. These phenomena became important during the 60's and 70's in the developed world. At that time uneven development plus barriers to trade and capital flows, masked the fact that there was an enormous latent reserve army in 3rd world countries. I guess that a few weeks hard figuring looking at projections of population growth, rates of capital accumulation and of proletarianisation should give one an order of magnitude estimate of how long before morbidity sets in. --- from list marxism-AT-lists.village.virginia.edu --- ------------------
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