Pollock located capitalism’s weakness 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 (#corroborates, via linked claim)

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> (#expands`, via linked claim)

Categorization

  • corroborated: 3 independent passages support this claim
  • XREF: connects to: Pollock located capitalism’s crisis in sectoral disproportions rather than falling profit rates — Rolf Wiggershaus, The Frankfurt School: Its History,…, 239; Pollock saw production anarchy, not falling profit rates, as capitalism’s fatal flaw — Rolf Wiggershaus, The Frankfurt School: Its History,…, 484

Broader Connections