Modern Capitalism – The Marxist View: Part 5A


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


The stark reality of crises. “During crises, “part of the commodities on the market can complete their process of circulation and reproduction only through an immense contraction of their prices, hence through a depreciation of the capital which they represent…. The chain of payment obligations due at specific dates is broken in a hundred places. The confusion is augmented by the attendant collapse of the credit system, which develops simultaneously with capital, and leads to violent and acute crises, to sudden and forcible depreciations, the actual stagnation and disruption of the process of reproduction, and thus to a real falling off in reproduction ..

The stagnation of production would have laid off a part of the working class and would therefore have placed the employed part in a situation, where it would have to submit to a reduction of wages.

Overproduction of capital is never anything more than overproduction of the means of production… which calls forth disturbances and stoppages in the capitalist production process, crises, and destruction of capital… “ (Vol III, p. 254-256)

Such a major crisis set off the Great Depression of the 1930’s Four years after the 1929 stock market crash in the US, the average value of stocks had depreciated by 85% — an enormous loss of capital. Many companies went bankrupt. There were waves of bank failures.

Wages took a nosedive, and tens of millions of workers were laid off. Deflation set in, as prices on almost all goods fell significantly. Millions of people who had considered themselves comfortably well off found themselves in poverty. According to some estimates, as many as 5 million Americans died prematurely during the Great Depression, as there was no governmental back-up for the poverty-stricken until the passage of the Social Security Act in 1935. And even that and other measures were inadequate.

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