Capitalism; Imperialism; Saving and investment; Socialism
This game of question and answer, mind you, is not a form of
self-mockery, it is meant in all seriousness. 'If the expansion of
production has no practical limits, then we must assume that the
expansion of markets is equally unlimited, for _if social production is
proportionately organised, there is no limit to the expansion of the
market other than the productive forces available_.'[321]
Since production thus creates its own demand, foreign commerce of
capitalist states is also assigned that peculiar mechanistic function we
have already met in Bulgakov. A foreign market, for instance, is an
absolute necessity for England. 'Does not this prove that capitalist
production creates a surplus product for which there is no room on the
internal market? Why, come to that, does England require an external
market? The answer is not difficult: because a considerable part of
England's purchasing power is expended on obtaining foreign commodities.
The import of foreign commodities for the English home market also makes
it essential to export English commodities abroad. Since England cannot
manage without importing from abroad, exports are a vital condition for
that country, since without them she would not be able to pay for her
imports.'[322]
Here again agricultural imports are described as a stimulating and
decisive factor, quite in accordance with the scheme of the German
professors.
What, then, is the general line of reasoning on which Tugan Baranovski
supports his daring solution of the problem of accumulation, the new
revelation on the problem of crises and a whole lot of others? Hard to
believe, but quite incontrovertible for all that, Tugan Baranovski's
proof consists exclusively and entirely--in Marx's diagram of enlarged
reproduction, no more no less. Although he repeatedly refers rather
pompously to his 'abstract analysis of the reproductive process of
social capital', to the 'conclusive logic' of his analysis, this entire
analysis is nothing but a copy of Marx's diagram of enlarged
reproduction, with a different set of figures. Nowhere in the entire
works of Tugan Baranovski shall we find a trace of any other argument.
In Marx's diagram, admittedly, accumulation, production, realisation and
exchange run smoothly with clockwork precision, and no doubt this kind
of 'accumulation' can continue _ad infinitum_, just as long, that is to
say, as ink and paper do not run out. And it is this harmless written
exercise with mathematical equations which Tugan Baranovski quite
seriously considers a _demonstration_ of such a course in real events.
'The diagrams we have adduced are bound to prove conclusively that....'
On another occasion he counters Hobson, who is convinced that
accumulation is impossible, with the following words: 'Diagram No. 2 of
the reproduction of social capital on a rising scale corresponds to the
case of capital accumulation Hobson has in mind. But does this diagram
show a surplus product to come into being? Far from it.'[323]
Public-domain text, read in full here on John Shaqi.
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