A chapter on the economic of libertarian communism that argues that distribution is one of the key aspects defining communist economics, and exploring the different approaches to communist distribution across the broad libertarian communist current.
(From a chapter published in the AK Press book the Accumulation of Freedom)
Libertarian Communism, the Aspiration of Classes in Struggle
In Part 1 of this book originally published in France in 1995, Claude Bitot addresses capitalism’s imminent contradictions from the perspective of Marx’s theory of the falling rate of profit and in the context of the role of automation, rising productivity and relocations since the crisis of the 1970s, and concludes that capitalism has entered a stage of permanent crisis he defines as “the end of its cycle”; in Part 2, he discusses some of the ideological and social consequences of this crisis that signal the definitive decline of the republican and secular values that characterized the rise of the nation state in the springtime and maturity of capitalism.
The first two parts of an ambitious three-part pamphlet series discussing communism and in particular the necessity of communism being a moneyless system.
[i]Originally published in France in 1975-1976 under the title, Un monde sans argent: le communisme, in three parts in three separate pamphlets, of which the above text constitutes Part Two.
An overview of the way in which with increasing autonomisation of finance capital, models come to shape the real economy and influence its restructuring.
Arbitrage is defined as any technique to profit from differences in price between identical assets in different markets. At its simplest, if an asset is priced at £1000 in one country and at £1200 in another, I can buy in the cheaper market and sell in the more expensive and profit from the difference.
In this 2012 article, Robert Kurz discusses the crisis management strategies implemented by the US and Europe, their seemingly paradoxical reversal of roles (neoliberal policies vs. welfare state) and the ineluctable fate they will ultimately share: “Whoever wants to save the financial system has to eliminate demand, and whoever wants to save demand has to ruin the financial system”.
The Stalemate of Two Economic Models - Robert Kurz
A short 2009 article in which Robert Kurz briefly discusses overproduction, the financial crisis, public bailouts, and environmental crisis, as illustrated by the case of the automotive industry.
Overproduction – Robert Kurz
The crisis highlights the fact that capitalism means producing ‘more’. Abstract economic logic does not distinguish between necessary goods for use, such as food, clothing, housing, etc., and luxury goods, or even destructive products, such as weapons of war.
In this short 2011 article Robert Kurz discusses the limits and deceptive appearances of Germany’s export-driven growth model with reference to the ongoing “devalorization of labor” and the resulting "labor bubble" in the context of capitalist crisis.
Labor without Value – Robert Kurz
Germany is admired everywhere as the world champion of economic recovery. The economy is prosperous and the labor market is expanding. But this pretty picture is deceptive.
1. The credit and monetary system.
1 Money and international commodity circulation.
- 1. Editorial note. The editors do not share some of the positions of the article of c. Dashkovskij.