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| | Monopoly Capital by Paul Mattick 1966 |
 | | Baran and Sweezy think it necessary to substitute “the law of rising surplus for the law of falling profit”, apparently unaware of the fact that for Marx, too, and for all practical purposes, a rising surplus-value cancels the actual fall of the rate of profit. |
 | | Monopoly capital, Baran and Sweezy write, “left to itself, that is to say, in the absence of counteracting forces which are no part of what may be called the ‘elementary logic’ of the system, would sink deeper and deeper into a bog of economic depression” (p.108). |
 | | According to Baran and Sweezy, “the vast and growing amounts of surplus absorbed by government in recent decades are not deductions from what would otherwise be available to corporations and individuals for their private purposes” (p.147). |
| www.marxists.org /archive/mattick-paul/1966/monopoly-capital.htm (8793 words) |
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