We refer here to an answer of C.Mcl. on the site of A Free Retriever’s Digest: 4 thoughts on “Has Capitalism entered its Decadence since 1914?
Given this answer F.C. makes the following remark about the way Pannekoek is interpreted, an interpretation with far-reaching consequences:
C.Mcl. ignores the fact that in “De economische noodzakelijkheid van het imperialisme” part V, p. 280 (never translated from Dutch), Pannekoek assumes that capitalism comes to an end when it can no longer draw on an industrial reserve army. Consequently, M.Mcl has not examined this, whereas there are indications that the part of the population expropriated from its means of subsistence, but which cannot be included in the capitalist production process, is increasing in certain regions and possibly worldwide, rather than decreasing. See for further explanation in “When in China a butterfly flaps its wings … – instead of a word in forword” on Controversies.
Fredo Corvo, 16-11-2020
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