Reposted from: Groupthink Projection and the falling rate of profit
Excerpt From Bruce’s blog
Main message
And so to the falling rate of profit, if the rate of profit is weak it represents not an economic fact alone but a diminution of bourgeois class power, it diminishes the soul which animates capitalism. Hence it strengthens the soul of the proletariat and emboldens it.
A weak rate of profit expressing itself in economic crisis means that the law of value is breaking down and the mist shrouding the parasitical organism of capitalism is lifted. The true nature of capitalism begins to become visible and that cannot but bring about sudden shifts in the consciousness of the masses.
Capitalism’s true form
My consciousness has shifted and I can see that it is the falling rate of profit which is the weakest point in the body of the beast reflecting its diseased heart. This is not a question of theoretical clarity but of perceiving the hidden mystified form of the organism; the shape shifting monster of capital as self-expanding value. The vampire that is sick as it cannot suck sufficient labour from the living; it is senile and more and more outlived. This can only happen with a change in the objective situation with the weakening of capital and the strengthening of labour.
I merely reflect the potentially decisive and growing strength of the working class. To bring this message to the party is worth any amount of insults that can be thrown at me and just confirms that I tell the truth. Who will join me in this discovery?
If this be dogma then the genius of Karl Marx was a form of dogma too. In fact this is the main message of Marx’s Capital.
http://69.195.124.91/~brucieba/2013/07/16/groupthink-projection-and-the-falling-rate-of-profit/
