[Marxism] Another review of Heinrich

Angelus Novus fuerdenkommunismus at yahoo.com
Tue May 28 18:02:24 MDT 2013


Michael Yates wrote:

> if Heinrich is correct and Marx himself had abandoned the Tendency of 
> the Rate of Profit to fall, then maybe it is up to us to develop better > crisis theories.

Doug Henwood was spot-in his observation in _Wall Street_ over 15 years ago: whereas Keynesians emphasize finance at the expense of production, so-called "Marxists" emphasize production at the expense of finance.  So amongst religious Marxists like Kliman, who regard FROP as the be-all and end-all of Marxist crisis theory, finance can simply be neglected as an indicator of fundamental trends in the "real" sector, rather than what Marx regarded it was, namely the "driving instance" of the capitalist economy.

As both Henwood and Heinrich note, this is a 1-to-1 replication of neoclassical orthodoxy, which regards money as a mere convenience to simplify the exchange of goods, rather than the actual end goal of all capitalist production.  

>  And finally, why bother with unions, national healthcare, and the like? > These are just redistribution schemes.

Here I'm reminded of a great interview with the great German science fiction novelist Dietmar Dath on the eve of the 2009 federal elections in Germany that appeared in the right-wing daily Die Welt.  The interviewer was incredulous when Dath said he would be voting for Die Linke, and pointed out that it was odd that such a non-conformist like Dath would be voting for such a party.  Dath replied:

"I'm not a socialist because I read about it in books.  I'm a socialist because I don't have rich parents."






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