Economic Theory

Capitalism and Catastrophe: A Critical Appraisal of the - download pdf or read online

By S. Rousseas

ISBN-10: 0521223334

ISBN-13: 9780521223331

Capitalism and disaster questions no matter if there are strategies in complicated capitalism that lead unavoidably to systemic cave in. the writer demanding situations these Marxian theories in keeping with a collection of traditionally evolving 'internal contradictions' derived from a in simple terms dialectical research of capitalism. partly I he specializes in the talk surrounding Rosa Luxemburg's theories of imperialism and capital accumulation, and on Marx's therapy of technology and know-how within the Grundrisse. partly I I he severely examines neo- and non-Marxian theories of complex capitalism, particularly the paintings of Jurgen Habermas concerning the challenge of political legitimation in complex capitalism. Professor Rousseas argues that Marxists have significantly underestimated the resilience of the capitalist process, which has to be taken into consideration via any thought of political economic system proper to the 20 th century.

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Additional resources for Capitalism and Catastrophe: A Critical Appraisal of the Limits to Capitalism

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It is invincible indeed. The most important objective argument in support of socialist theory breaks down; socialist political ac­ tion and the ideological import of the proletarian class strug­ gle cease to reflect economic events, and socialism no longer appears an historical necessity. Setting out to show that capitalism is possible, this trend of reasoning ends up by showing that socialism is impossible. 11 As if the point were not clear enough, she goes on to say that "Tugan-Baranovsky .

I mperialism' works against itself: It extends the life of capitalism while at the same time shortening it. "The mere tendency towards imperialism," she wrote, *Bukharin sensed this uncomfortableness in Luxemburg when he wrote (p. 26 1 ) : "Rosa seems to be aware of the awkwardness of her whole proof. She admits that it would be ridiculous to assert that capitalism must first throttle every 'third person'. " The limit to capitalist growth "of itself takes forms which make the final phase of capitalism a period of catastrophe.

Of economic progress. If the capitalist mode of production can ensure boundless expansion . . it is invincible indeed. The most important objective argument in support of socialist theory breaks down; socialist political ac­ tion and the ideological import of the proletarian class strug­ gle cease to reflect economic events, and socialism no longer appears an historical necessity. Setting out to show that capitalism is possible, this trend of reasoning ends up by showing that socialism is impossible.

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Capitalism and Catastrophe: A Critical Appraisal of the Limits to Capitalism by S. Rousseas


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