Pollock saw production anarchy, not falling profit rates, as capitalism’s fatal flaw

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. — Rolf Wiggershaus, The Frankfurt School, 484

Categorization

• XREF: Reverses the orthodox Marxist fixations on organic composition and rate of profit — connects to the reader’s critical theory corpus on crisis theory. — connects to: Pollock located capitalism’s weakness in sectoral disproportions rather than falling profit rates.; Pollock located capitalism’s crisis in sectoral disproportions rather than falling profit rates — Rolf Wiggershaus, The Frankfurt School: Its History,…, 239

Broader Connections

• Pollock located capitalism’s crisis in sectoral disproportions rather than falling profit rates #corroborates (0.90) — Rolf Wiggershaus, The Frankfurt School, 239