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"the Patnaiks unearth a gorgeous quote from Keynes which refers to Lenin: “Lenin is said to have declared that the best way to destroy the Capitalistic System was to debauch the currency... Lenin was certainly right. There is no subtler, no surer means of overturning the existing basis of society than to debauch the currency.”"
Oct 27, 2020 12:38AM
A Theory of Imperialism

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"As in the earlier period, ensuring that the supply of energy and of goods is kept flowing at nonincreasing prices to meet the growing demand at the core is crucial for maintaining the value of money at the core, as well as to ensure the stability of wealthholding, which is a central concern of capitalism; but the conditions for doing so are more difficult to establish in the absence of direct political control."
Oct 28, 2020 11:15AM
A Theory of Imperialism


The Conspiracy is Capitalism (new videos out!)
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I really need to make a renewed effort with the Patnaiks, they really have breath-taking insights but require several layers of prior experience, famously: https://mronline.org/2011/06/26/revis.... What we really need is a popular introduction to their works...
Oct 21, 2020 04:44PM
A Theory of Imperialism


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The Conspiracy is Capitalism (new videos out!) This quote is from Akeel Bilgrami's foreword, referring to the Patnaiks quoting Keynes talking about Lenin. Yup.


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