[OPE-L:2792] Re: Re: Re: Re: (5 end) Partial Reply to Fred's on

From: Rakesh Bhandari (bhandari@Princeton.EDU)
Date: Sun Apr 09 2000 - 15:15:48 EDT

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as for presuppositions/posits, this also does not seem to me to be true.
Take the pick up in US capital accumulation. It's possible that the mass of
accumulated capital is now becoming too swollen in relation to its base of
valorization. The population base needed to valorize this enormous amount
of machinery is not posited from within the capitalist system entirely,
though a sufficiently large valorization base is obviously presupposed for
there to be an expansion of capital. Presently there is pressure to
dispose of excess capital through foreign direct investment carried out by
multinational corporations either for internal markets abroad or export.
Consider the struggle to open up China. If we think capital is a system in
which presuppositions can be posited, then it's a closed system; its
extension in space becomes impossible to undertand. The resort to
Hegelianism here seems to me to be an excuse to hide from the world that
capital is creating.
Yours, Rakesh

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