Capitalism’s crisis stems from production anarchy, not falling profit rates

Evidence

Unlike Grossmann, Pollock did not share the view that the tendency towards a rise in the organic composition' of capital and a fall in the rate of profit was a fatal flaw in the structure of the capitalist system. Pollock thought the principal problem was the anarchy of production, which in the era of inflexible, state-protected big businesses could no longer be controlled by the self-regulating mechanisms of the market. — <cite>Rolf Wiggershaus, The Frankfurt School, 484</cite> (#corroborates`, via linked claim)

As the rate of exploitation rises the rate of profit tends to rise, but as the organic composition of capital rises the rate of profit tends to fall. In Capital , Vol. III, Marx argues that the long-run tendency of capitalist accumulation is to raise the organic composition of capital to such an extent that the rate of profit will fall even if the rate of exploitation is rising. Attempts to overcome the tendency require therefore a very considerable rise in the rate of exploitation, which Gramsci sees as happening through “Fordist” methods of intensification and rationalisation of labour. — Antonio Gramsci, Selections from the Prison Notebooks, 2376 (#contradicts, via linked claim)

Categorization

• XREF: connects to: Pollock saw production anarchy, not falling profit rates, as capitalism’s fatal flaw — Rolf Wiggershaus, The Frankfurt School: Its History,…, 484; The falling rate of profit forces capitalists to intensify labor exploitation — Antonio Gramsci, Selections from the Prison Notebooks, 2376

Broader Connections

• Pollock saw production anarchy, not falling profit rates, as capitalism’s fatal flaw #corroborates (0.95) — Rolf Wiggershaus, The Frankfurt School, 484
• The falling rate of profit forces capitalists to intensify labor exploitation #contradicts (0.85) — Antonio Gramsci, Selections from the Prison Notebooks, 2376