Capitalism; Imperialism; Saving and investment; Socialism
Bulgakov for his part triumphantly points out that foreign commerce is
indeed not a pit and certainly not a bottomless one, but rather appears
as a double-edged sword, that exports always belong with imports, and
that the two usually counterbalance one another. Thus, whatever is
pushed out over one border, will be brought back, in a changed use-form,
over another. 'We must find room for the commodities that have been
imported as an equivalent of those exported, within the bounds of the
given market, and as this is impossible, _ex hypothesi_, it would only
generate new difficulties to have recourse to an external demand.'[314]
On another occasion he says that the way to realise the surplus value
found by the Russian 'populists', viz. external markets, 'is much less
favourable than that discovered by Malthus, v. Kirchmann and Vorontsov
himself when he wrote the essay _On Militarism and Capitalism_'.[315]
Although Bulgakov fervently copies Marx's diagram of reproduction, he
here exhibits no grasp whatever of the real problem towards which the
sceptics from Sismondi to Nikolayon were groping their way. He denies
that foreign commerce solves the difficulty as pretended, since it
again brings the surplus value that has been disposed of into the
country, although in a 'changed form'. In conformity with the crude
picture of v. Kirchmann and Vorontsov, he thus believes the problem to
be that of destroying a certain quantity of the surplus value, of wiping
it from the face of the earth. It simply does not occur to him that the
real problem is the realisation of the surplus value, the metamorphosis
of commodities, in fact the 'changed form' of the surplus value.
Bulgakov thus finally arrives at the same goal as Struve, though by a
different route. He preaches the self-sufficiency of capitalist
accumulation which swallows up its own product as Kronos swallows up his
children, and breeds ever more vigorously without help from outside. Now
only one further step is needed for Marxism to revert to bourgeois
economics, and this, as luck would have it, was taken by Tugan
Baranovski.
FOOTNOTES:
[300] S. Bulgakov, _On the Markets of Capitalist Production. A Study in
Theory_ (Moscow, 1897), p. 15.
[301] Ibid., p. 32, footnote.
[302] Ibid., p. 27.
[303] Ibid., pp. 2-3.
[304] _On the Markets of Capitalist Production_, pp. 50, 55.
[305] _On the Markets of Capitalist Production_, p. 132 ff.
[306] Ibid., p. 20.
[307] Bulgakov's italics.
[308] _Capital_, vol. iii, p. 387.
[309] Bulgakov, op. cit., p. 161.
[310] Ibid., p. 167.
[311] Bulgakov, op. cit., p. 210 (our italics).
[312] Ibid., p. 199.
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