Pollock saw capitalist planned economy as viable as socialism by 1930s
Evidence
In Pollock’s eyes, a capitalist planned economy was just as much a possibility as a socialist planned economy, and only political considerations argued against the former. The owners of the means of production would not let themselves be degraded to the status of mere rentiers. The prospects for the socialist planned economy, however, seemed no better to him within the foreseeable future. The subjective interest in it shown by the very classes which had an objective interest in it was too limited. A year later, Pollock conceded considerable political prospects to the capitalist planned economy as well. `The view we expressed earlierthat the degradation of the ownership of capital into a mere entitlement to investment income would make the capitalist planned economy unacceptablecan no longer be counted as a serious objection, in view of the capacities for controlling the masses which have in the meantime become apparent.’ — Rolf Wiggershaus, The Frankfurt School, 484
Categorization
- XREF: Bears directly on ch9’s claim that Pollock located capitalism’s weakness in sectoral disproportions rather than falling profit rates, and that planned direction alone cannot define socialism. — connects to: Pollock predicted Western democracies would adopt state-directed capitalism — Martin Jay, The Dialectical Imagination: A History…, 484; Pollock saw state capitalist intervention as a promising new stage already by 1933 — Rolf Wiggershaus, The Frankfurt School: Its History,…, 1156; A capitalist planned economy was economically viable, blocked only by political will — Rolf Wiggershaus, The Frankfurt School: Its History,…, 484 (+2 more)
Broader Connections
- A capitalist planned economy was economically viable, blocked only by political will
#corroborates(0.92) — Rolf Wiggershaus, The Frankfurt School, 484 - Pollock saw state capitalist intervention as a promising new stage already by 1933
#corroborates(0.88) — Rolf Wiggershaus, The Frankfurt School, 1156 - Pollock predicted Western democracies would adopt state-directed capitalism
#expands(0.85) — Martin Jay, The Dialectical Imagination, 484 - Pollock treated state capitalism as an ideal-typical model spanning Nazi and American varieties.
#expands(0.80) — Dirk Braunstein, Adorno’s Critique of Political Economy, 525