{"resolved":true,"match_type":"uuid","source_type":"original_book","book_id":"4a3d22bd-c5b9-47a4-a022-bd35d44d9bfe","title":"Zombie Capitalism Global Crisis and the Relevance of Marx","author":null,"edition":null,"publisher":null,"year":null,"isbn":"9781608461042","requested_by":"printed_page","book":{"source_type":"original_book","book_id":"4a3d22bd-c5b9-47a4-a022-bd35d44d9bfe","id":"4a3d22bd-c5b9-47a4-a022-bd35d44d9bfe","uuid":"4a3d22bd-c5b9-47a4-a022-bd35d44d9bfe","title":"Zombie Capitalism Global Crisis and the Relevance of Marx","normalized_title":"zombiecapitalismglobalcrisisandtherelevanceofmarx","author":null,"edition":null,"publisher":null,"year":null,"isbn":"9781608461042","isbns":["9781608461042"],"parsed":true,"ai_readable":true,"document_type":"book","page_count":426,"navigation_url":"https://workshop.closeclaw.top/ai/book/4a3d22bd-c5b9-47a4-a022-bd35d44d9bfe","title_url":"https://workshop.closeclaw.top/ai/title/Zombie%20Capitalism%20Global%20Crisis%20and%20the%20Relevance%20of%20Marx","fixed_page_url_template":"https://workshop.closeclaw.top/ai/book/4a3d22bd-c5b9-47a4-a022-bd35d44d9bfe/page/{printed_page}","path_api_url_template":"https://workshop.closeclaw.top/api/ai/book/4a3d22bd-c5b9-47a4-a022-bd35d44d9bfe/page/{printed_page}","read_url":"https://workshop.closeclaw.top/api/ai/read/4a3d22bd-c5b9-47a4-a022-bd35d44d9bfe","page_url":"https://workshop.closeclaw.top/api/ai/books/4a3d22bd-c5b9-47a4-a022-bd35d44d9bfe/page","search_url":"https://workshop.closeclaw.top/api/ai/books/4a3d22bd-c5b9-47a4-a022-bd35d44d9bfe/search"},"page":{"printed_page":90,"pdf_page":90,"physical_index":90,"physical_index_base":0,"printed_page_status":"recognized","page_sha256":"002f7431bf3e1e0501b16e60ce39cd0f378b1e5a60fab7eff7c236ebe15f4eb0"},"chapter":"Zombie Capitalism Global Crisis and the Relevance of Marx","content":"There is a continual tendency for cartelisation to be extended. The individual industries become increasingly dependent upon the cartelised industries until they are finally annexed by them. The ultimate outcome of this process would be the formation of a general cartel. The whole of capitalist production would then be consciously regulated by a single body which would determine the volume of production in all the branches of industry.10\n\nHilferding did not see competition as disappearing completely. He emphasised the importance of international competition, pointing to the way the merger of finance and industry inside a country led to pressure on its state to use protectionist tax duties to aid its capitalists in their struggle against rivals in the world market. \"It is not free trade England, but the protectionist countries, Germany and the United States, which become the models of capitalist development\", wrote Hilferding.\" Far from continuing with the traditional liberal notion of a minimal \"night-watchman state\" the great trusts wanted it to have the power to widen its boundaries so as to enlarge the market in which they could gain monopoly profits: \"While free trade was indifferent to colonies, protectionism leads directly to a more active colonial policy, and to conflicts of interest between different states\" ,12 Hilferding argued. \"The policy of finance capital is bound to lead towards war\" .13\n\nThis analysis went beyond anything in Marx. He had witnessed the wars of his lifetime and written about them: the opium wars of Britain against China, the Crimean War, the American Civil War and the Franco-Prussian War. But these were wars, as he saw it, resulting from the drive of capitalism to impose itself on the remnants of the pre-capitalist world around it. Capitalism had come into the world \"mired in blood'', but Marx's model contained no more than a few hints as to why fully established capitalist countries would be driven to war with each other. Hilferding had taken a first step towards a Marxism for the 20th century that explained what had changed since Marx's time in this all-important respect.\n\nThere were, however, ambiguities in Hilferding's approach. The main trend in his book was to argue that the growth of monopolies did not do away with the tendency of capitalism to crisis, and their growing reliance on the state would lead to intensified international competition, imperialism and the drive to war. But at points there were suggestions that pointed to a very different conclusion-that the monopolies and the state could work together to dampen the tendency towards crisis: \"The specific character of capital is obliterated in finance capital\" which was able to resolve \"more successfully the problems of the organisation of the social economy\", even though it was still a class society, with \"property concentrated in the hands of a few giant capitalist groups\" .14 This meant the mitigation of the old style economic crisis:\n\n90\n\nUnderstanding the System: Marx and Beyond","previous_page":89,"next_page":91}