Pollock located capitalism’s crisis in sectoral disproportions rather than falling profit rates

Evidence

Pollock believed that his description of the Russian experiment had disproved the assertion that a socialist planned economy was an impossibility. He put forward this proof in a rather odd way, however. In contrast to Grossmann, Pollock saw capitalism’s weakness not in the tendency of the rate of profit to fall, but in the disproportions between the various different sectors of the economy. — Rolf Wiggershaus, The Frankfurt School, 239

Categorization

• XREF: Connects to the Marxian crisis-theory debate between falling-rate-of-profit (Grossmann) and disproportionality arguments, which later resurfaces in Pollock’s state-capitalism thesis and the debate with Horkheimer over the authoritarian state. — connects to: Pollock located capitalism’s weakness in sectoral disproportions rather than falling profit rates.; Pollock saw production anarchy, not falling profit rates, as capitalism’s fatal flaw — Rolf Wiggershaus, The Frankfurt School: Its History,…, 484; Pollock located capitalism’s crisis mechanism in market autonomy, not ownership — Rolf Wiggershaus, The Frankfurt School: Its History,…, 1168 (+3 more)

Broader Connections

• The falling rate of profit forces capitalists to intensify labor exploitation #contradicts (0.85) — Antonio Gramsci, Selections from the Prison Notebooks, 2376
• Grossmann claimed capitalist overaccumulation forces profit-rate decline and terminal crisis #contradicts (0.82) — Martin Jay, The Dialectical Imagination, 131
• The value-price gap is the permanent engine of capitalist crisis, not a logical flaw #contradicts (0.72) — Max Haiven, Cultures of Financialization, 103