Readings

  http://uaio.ru/vil/c.htm - сущность, основные признаки, определение In the chapter on the theory of crises Kautsky shows that Marx did not at all postulate a “theory” of the ten- year cycle of industrial crises, but merely stated a fact. The change in this cycle in recent times has been noted by Engels himself. It is said that cartels of industrialists can counteract crises by limiting and regulating production. But America is a land of cartels; yet instead of a limitation we see there a tremendous growth of production. Further, the cartels limit production for the home market but expand it for the foreign market, selling their goods abroad at a loss and extracting monopoly prices from consumers in their own country. This system is inevitable under protectionism and there are no grounds for anticipating a change from protectionism to Free Trade. The cartels close small factories, concentrate and monopolise production, introduce improvements, and in this way greatly worsen the con...