Capitalism is birthing communism

Marx and Grossman's theory of capitalist crisis confirmed: not an overproduction or underconsumption or disproportionate allocation of commodities; but an overaccumulation of capital (surplus capital that cannot be profitably reinvested) that *progressively worsens*

Buffett's overaccumulation has MORE THAN DOUBLED IN THE PAST THREE YEARS

State monopoly capitalism - capital's rising dependence on (in this case de facto) mergers + the state for subsidies/contracts - can only be stopped by a socialist state + final merger, a total public monopoly, thereby abolishing the profit motive

@as_a_worker Big if true!

Everything after 1:40 is just speculation under the guise of "must"

"Private enterprise must be converted into public enterprise *since there is no exchange of ownership in a total monopoly*" Obviously my books and articles go into greater detail but that's a concrete explanation, not speculation.

Ted what is the significance of this book? Is it worth reading? I have just finished your Socialism or Extinction and enjoyed it greatly.

Glad to hear you liked the book. This one on Guevara quotes him extensively on his ideas and activity with regards to the transition to socialism in Cuba, from organisation to material incentives and voluntary work. I just used it as it went with the words I was saying in the vid