Topic: Has Capitalism entered its Decadence since 1914? (III)

The Falsehoods of the International Communist Current (ICC) — A critique

Chapter 3: The national question before and after 1914

Extract: “Certainly, the productive forces have developed with the industrial revolution that began in the countries of Western Europe and North America. However, were we witnessing “a step forward in the development of the productive forces on a world scale before 1914? Not at all, because the first Euro-American countries would limit this development to their geographical area and de-industrialize the rest of the world, destroying all potential for competing economic growth, as the study on the 250 years of capitalism that we have republished clearly shows. To this we add the very telling graph [above], whose data confirm this observation, since in 1750, 80% of industrial production was located in the world outside Western Europe and North America and only 20% in the latter two areas, whereas after a century and a half of ‘capitalist ascendancy’ (1750-1913), we are witnessing a spectacular geographical inversion in this distribution, as production had become almost exclusively concentrated in the Euro-American area (84%) to the detriment of the rest of the world (16%)! In other words, the development of productive forces following the industrial revolution, far from being “a step forward in the development of the productive forces on a world scale…”, remained confined to the Euro-American area to the detriment of the rest of the world. Once again, the reality is strictly the opposite of the idealistic postulates of the ICC. This divergence in geographical evolution is at the origin of the economic bi-polarization of the world between the so-called Developed Countries and what will later be called the Third World.”

 

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Graph 3.1: Distribution of the Manufactured Production in the World (1750 – 1913)

Source: Les mondes insurgés, Altermanuel d’histoire contemporaine , Ed. Vuibert, p. 13.
The data come from: Paul Bairoch, ‘International industrialization levels from 1750 to 1980’ ,
published in The Journal of European Economic History, n°11, 2, 1982.]

Topic: Has Capitalism entered its Decadence since 1914? (II)

Discussion Contributions

Apropos of the recently started series The Falsehoods of the International Communist Current (ICC) — A Critique, we have opened a new section on our topics pages, which collects Discussion Contributions on the Question of Capitalism’s Decadence by commentators of this work in progress. At present it contains the following essays:

Autumn 2020:

Decline and Senility of Capitalism with Marx, Engels and Communism.

A critical recapitulation and determination of capitalism’s historical phase (Anibal & materia, May 22, 2020)

Some Key Questions for Luxemburg’s Theory of Accumulation.

Problems for the modern day supporters of Luxemburg’s theory of total dependence on precapitalist markets (Link, November 27, 2020)

Spring 2021:

Capitalism is coming to an end. But how?

Does China’s further integration into capitalism lead to the latter’s “obsolescence”? Fredo Corvo replies to C.Mcl. (Version of March 14, 2021)

The Decadence of Capitalism. A Discussion

Aníbal & materia (Version of March 22, 2021)

New: Is Decadence an Economic Phenomenon?

Link, May 17, 2021

 

Click to read Discussion Contributions on the Question of Capitalism’s Decadence

 

This section may be updated with new contributions. We invite interested readers to send in their commentaries and/or contributions. Please read the modalities in the Colophon.

 

Topic: Has Capitalism entered its Decadence since 1914?

The Falsehoods of the International Communist Current (ICC) — A critique (Ch.1 & 2)

The following contribution challenges a fundamental programmatic position shared by several groups of the contemporary communist Left, in continuity with the beginnings of the III. (or Communist) International, namely that capitalism has entered its phase of decline as an historical mode of production since the outbreak of World War 1. It does so following the method that Marx applied in his (unfinished) magnum opus ‘Capital’, comparing the evolution of capitalism before and since 1914 at the hand of documented empirical data. These are summarized in a series of graphs and contrasted with the affirmations by one of the most outspoken protagonists of this position.

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