[Marxism] At last, something of use from NLR

Matthew Russo russo.matthew9 at gmail.com
Wed Oct 7 13:40:05 MDT 2009


Hope it is accessible: http://www.newleftreview.org/A2799

Gopal Balakrishnan

SPECULATIONS ON 
THE STATIONARY STATE

Now to plow thru both this and Brenner's 75 page essay.  2/3rds the way thru
the latter, it is so far largely an empirical study to bolster the case for
a manifest tendency for the falling rate of profit in what Balakrishnan is
now calling the "long 1970's".  I'm in fundamental agreement with the
thesis, of course, but note that Brenner has had little to say so far about
the "counter-tendential" case, China.  In this regard it tends to dwell a
bit too much on the dynamics of financial "bubblenomics" and hence tends to
see the world capitalist economy through too much of a U.S. centric lens.

-Matt



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