[OPE-L:4693] Re: Re: SV and the F of D

From: Rakesh Narpat Bhandari (rakeshb@Stanford.EDU)
Date: Wed Dec 13 2000 - 13:58:43 EST

Consider Marx's nemesis Bakunin:

"I know that in speaking out of my intimate thoughts on teh Jews with 
such frankness. I expose myself to immense dangers. Many people share 
these thoughts, but very few dar to express them in publicly, for the 
Jewish sect, which is much more formidable than that of the Catholics 
and the Protestant-Jesuits, today constitutes a veritable power in 
Europe. It reigns despotically in COMMERCE and BANKING, and it has 
invaded three quarters of German journalism and a very considerable 
part of the journalism of other countries. Then woe to him who makes 
the mistake of displeasing him." (my emphasis)

qu Hal Draper, KMTR, vol 4, p. 293. The quote seems to be from 1869.

>He believes that if he first explains the origins of *surplus* value 
>in the circuit of industrial capital (which will lead him to clarify 
>that workers alienate labor power not labor time in exchange with 
>industrial capitalists), he will then be able to show that 
>merchants' capital and interest bearing capital are now derived from 
>that surplus value or newly produced value in the circuit of 
>industrial capital--not simply creamed from an unchanged sum of 
>value in circulation.  That is, he clearly tells us that he intends 
>to demonstrate that  the latter two forms of capital though 
>historically primary are nonetheless now only  derivative forms of 
>capital (this should be enough to do away with interpretations of 
>Marx's Capital as a history of the forms of capital).  Given that 
>the latter two have been falsely associated with  "Jews", Marx made 
>perhaps the greatest theoretical blow ever  to the socialism of 
>fools by demonstrating upon completion of his 3 volume analysis that 
>these forms of capital are of secondary importance in the 
>exploitation of the workers. The roots of exploitation are not in 
>commerical cheating and bloody usury.
>It seems to me that there is a straight line from incomprehension of 
>Marx's analysis of the derivativeness of interest-bearing and 
>merchant forms of capital to the revival of anti semitisms which led 
>to the Holocaust.
>  Marx explicitly asks for your patience as he lays out the laws of 
>surplus value in the circuit of industrial capital. Why are you 
>unwilling to give it to him?

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