[Marxism] Notes on the current crisis of capitalism

[S. Artesian]

Odd then isn't it, that Marx spent so little time and effort in exploring 
"underconsumption" and so much time and effort on the problems of expanded 
reproduction of capital with a falling rate of profit-- with the 
overproduction of the means of production?

Marx who explored the contradictions of capital, primary, secondary, and 
tertiary, locates the "fundamental contradiction of capital" in its 
organization of wage-labor, its need simultaneously aggrandize and expel 
that labor from production thus over-producing beyond the source of its 
profit.
----- Original Message ----- 
From: "Charles Brown" <charlesb at cncl.ci.detroit.mi.us>
To: <sartesian at earthlink.net>
Sent: Thursday, October 16, 2008 4:09 PM
Subject: [Marxism] Notes on the current crisis of capitalism


>
> S. Artesian
>
> Overproduction is not identical or equivalent to underconsumption.  Keep 
> in
> mind that capital has its origins in the very fact that consumption by the
> producers is restricted.
>
> ^^^^
> CB: Correct. Thereby making "underconsumption" a fundamental contradiction 
> in the system of capital.
>
>
>
>
>
>
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