Modern Capitalism – The Marxist View: Part 7A


Treachery!! Предательство!!

The feared “Soviet” secret service, the KGB, was always controlled by the the CIA (Central Intelligence Agency of the USA). As such, the CIA — KGB played an insidious and decisive role in the destruction of the Soviet Union.

The KGB’s successor in conspiracy, the “Russian” secret service FSB (ФСБ — Федеральная служба «безопасности» России) is likewise controlled by the CIA.

Among the manifold CIA – FSB tasks in stifling Arnold Lockshin is to block almost all commentaries sent in response to my material on the internet.

Arnold Lockshin, political exile from the USA living in Russia

ФСБ — Федеральная служба «безопасности» России — по приказу своего секретного постоянного хозяина — американского ЦРУ блокирует почти все отправленные мне комментарии.

И это далеко не всё.

Арнольд Локшин, Политэмигранта из США


When money is not money and debts need not be repaid. The ultimate causes of capitalist crises are brought about by the very nature of capitalist production and reproduction. The system of capitalism leads to under-consumption by the masses of people, who cannot afford to buy the totality of what they produce.

We can imagine a fantasy-hypothetical system, whereby some magical external force (external to the real world economy) buys up everything that would otherwise be “over-produced,” paying real hard cash for all these goods. No crises. The economy can roll on indefinitely, without a glance backwards.

No such external force exists, of course. But the capitalist class and the governments it controls have devised essentially artificial – and in the long run, temporary — mechanisms to increase society’s purchasing power: (a) by devaluing, i.e., “printing” money, so that it is largely divorced from its commodity status; (b) by vastly increasing the amount of government debt. With allowances for reversals, overall (public + private) debt also is on the increase.

Both (a) and (b) increase the evident purchasing power of society, easing – only temporarily — the inherent contradiction of “over-production” in capitalist society.

To be continued..

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