Hi Duvinrouge, welcome to the forum.
As you can see, there have been several discussions in the forum on the crisis (http://luxemburgism.forumr.net/search.forum?search_keywords=crisis&typerecherche=interne&show_results=topics
and the position of Rosa Luxemburg on it is not share by everyone here (which in itself is a good thing).
Such a debate is important seen what is going on today an I am glad that exists in the forum. It would however also be great to make the whole thing accessible to newcomers and for that I had proposed creating a reading group
. At the moment, I try to study Capital
and afterwards The Accumulation of Capital
, and what I have read has proven to be quite useful, especially for a student like be "well educated" into neo-classic theories (I am an accountant and never ever did they tell us that marginalism - nor was the term mentionned - was a mere theory like any other, on the contrary it was presented as the sole truth).
Reading the beginning of Capital
, and knowing the marginalist theories, I do think that the blindness on value helps explain why official economists do not understand what is going in this crisis. Like Rosa Luxemburg explain in her Introduction to political economy
, crisis are presented as natural disasters, that is events we have no control over and all we can do is to wait for the hurricane to leave. That is what is being repeated to colleagues at work, thus justifying firing people.
On the contrary, we must encourage self-education in a forum such as this, and contribute on de-mystifying economics. It would be not only that Socialism is necessary but that it is the only option to chaos.
Regaring your listing of potential explanation of the crisis (over-production, energy crisis and supply-side contraints) do you believe there is a contradiction between Marx's theory of the fall of the rate of profit and Luxemburg's theory the looting of non-capitalist markets/world ?
As for myself (before reading the concerned chapters in Capital
) I do not see any contradiction, just like the comrade Luxemburguista in the thread http://luxemburgism.forumr.net/economics-economia-economie-f2/les-fondements-de-l-economie-capitaliste-t17.htm#2172
, both being linked (a drop of the rate of profit can be compensated by conquering new pre-capitalist markets, the further advance in thechnology and the capitalist development forces capitalism to expand in order to avoid the drop... untill it has no more market left and the rate decreases and then loans appear by magic to increase worker's consumption untill the system runs out of source of value in order to keep growing)
Among the recent attempts to make Luxemburg's theory more accessible (actually is the only example I know), there is a leaflet written by a comrade of the International Luxemburgist Network For a worker's recovery plan : the causes an cure of a new Great Depression