Capitalism; Imperialism; Saving and investment; Socialism
Rodbertus says outright that the only remedy for these crises is the
'complete reversal' of contemporary property-relations or a planned
economy, concentrating all means of production 'in the hands of a single
social authority'. To set troubled minds at rest, however, he is quick
to add that he reserves judgment as to whether there can actually be
such a state of affairs--'yet this would be the only possible way to
prevent slumps of this kind'. Thus he expressly regards anarchy in the
modern mode of production as responsible for only a specific and partial
manifestation of crises.
Rodbertus scornfully rejects Say-Ricardo's axiom of a natural
equilibrium between consumption and production; just like Sismondi, he
emphasises that everything turns on the purchasing power of society, and
also takes it to be dependent upon the distribution of income. All the
same, he does not endorse Sismondi's theory of crises and disagrees
sharply with the conclusions drawn from it. If Sismondi saw the source
of all evil in the unlimited expansion of production without regard to
the limitations of incomes, and advocated a restriction of production,
Rodbertus, quite on the contrary, champions the most powerful and
unrestricted expansion of production, of wealth and of the productive
forces, believing this to be a social necessity. Whoever rejects the
wealth of society, rejects at the same time its power, its progress,
and, with its progress, its virtues. Whoever stands in the way of
growing wealth, stands in the way of all social progress whatever. Every
increase in knowledge, resolve and capacity is conceived as bound up
with an increase in wealth.[254] From this point of view, Rodbertus is
strongly in favour of issuing houses which he regards as the
indispensable foundations for a rapid and unrestricted expansion of
company promoting. Both his essay of 1859 on the mortgage problem and
the treatise on the _Financial Crisis in Prussia_[255] are devoted to
this plea. He even polemises outright against the Sismondian type of
_caveat_, as usual broaching the matter first from his peculiar Utopian
ethics.
Public-domain text, read in full here on John Shaqi.
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