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by interpenetrate
1351 days ago
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Within a single firm, particularly large ones, surpluses and deficits can be communicated absolutely and crises can be practically eliminated. (It would be unthinkable for Amazon to leave the coordination of its processes up to some sort of internal free market.) As for action between firms, the anarchy of the market is fundamental to capitalism. Real competition is a basic characteristic of capitalism and so perfect information is not a tendency of the system (despite its theoretical elevation in neoclassical economics). So, no, there is no solution. To avoid crises of overproduction (including the subsequent adjustments), the planning that takes place within the capitalist firm has to be extended to the global network of production. |
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