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This Wreckage

BONUS: No, Tanks w/ Michael Heinrich (PREVIEW)

This Wreckage

Sean KB and AP Andy

Arts, Music

4.2970 Ratings

🗓️ 20 August 2021

⏱️ 6 minutes

🧾️ Download transcript

Summary

In this very special bonus, Michael Heinrich addresses his detractors and fleshes out the political implications of his reading of Marx's mature work:

Is Michael's reading of Marx as having a monetary theory of value a concession to neoliberalism? What was Marx trying to get at with the Tendency of the Law of the Rate of Profit to Fall? What remains of Marx's crisis theory if we admit he gave up on TRoPF? Is the empirical work of 'Marxist Economics' worth a damn? And, of course, what does all this have to do with the production of communism?

Long-time listeners of the show are not going to want to miss this one, it's a banger!

Intro: LCD Soundstystem - Dance Yrself Clean

SUBSCRIBE NOW AT PATREON.COM/THEANTIFADA TO GET THE FULL VERSION & TONS OF OTHER BONUS CONTENT & OUR AWESOME DISCORD COMMUNITY!

Transcript

Click on a timestamp to play from that location

0:00.0

I will admit trying to figure out the math to the point where I can participate in this debate

0:07.8

kind of makes my head hurt and I'm like you know, maybe, how important is it really to get this one right?

0:17.0

Because like we still need to end capitalism regardless.

0:19.7

Maybe this is me being an idealist, but like if say the rate of profit on human slavery was good and not

0:28.9

prone to periodic crises, like we still needed to end slavery right this seems like kind of a similar scenario

0:38.1

maybe I'm being an idealist I don't know I must say this I didn't fully understand what what you say you said first

0:49.6

does it matter yeah like the debating yeah yeah yeah how much does it matter. Like the debate.

0:53.0

Yeah, yeah.

0:54.0

Yeah, how much does it matter?

0:55.0

And what, like, what would it mean?

0:57.0

What does it mean to our organizing efforts as anti-capitalists?

1:00.0

What are the stakes?

1:02.0

Yeah, okay. the meaning depends on what we are doing.

1:07.0

When we consider capitalism very in general.

1:14.0

Of course we don't need such detailed analysis, but to come to the conclusion, capitalism is a system resting on inequality,

1:29.4

producing more inequality. Maybe we not even need Marx for this also before Marx was a

1:36.7

critique of capitalism. So to have this very very general view you need nearly nothing but when you want to to understand a little bit

1:48.1

better the movement of capitalism when you want to give counter arguments, for example against Burshwa economists who say yes, we had a a crisis but this crisis was the result of greedy trade unions

2:09.2

who asked for too much wages and unable politicians who did too much regulations in favor of the laborers and

2:22.0

therefore we had this crisis which makes everything so worse.

2:27.0

When you want not only to say, okay, it's bullshit what you are telling, when you want to go into detail, then you must know

2:36.1

more about how capitalism works and when it is a concrete situation, then you should know also some numbers. How big were the race in

...

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