A Japanese Reconstruction of Marxist Theory by Robert Albritton

By Robert Albritton

A detailing of the results of Kozo Uno's political and monetary thought. attempts to give an explanation for the humanistic capability of Marxist concept.

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But in theory it is assumed that the laws of capitalist production operate in their pure form. In reality there exists only approximation; but, this approximation is the greater, the more developed the capitalistic mode of production and the less it is adulterated and amalgamated with survivals of former economic conditions. 41 (emphasis added) Here Marx asserts that 'in theory it is assumed that the laws of capitalist production operate in their pure form', but this could be misleading since we do not simply 'assume' 'for the sake of theoretical simplification', rather we let capitalism purify itself.

Uno and Sekine show that the development of capitalism leads to the production of use-values that become more and more difficult to subsume to the law of value. Even the 28 Political Economy development of heavy industry requires finance-capital in order to be capitalistically managed, but finance-capital, which involves the development of monopoly and very active state intervention must already represent a step away from the continued self-purification of capitalism. According to Uno and Sekine, then, it is incorrect to say that as capitalism develops it becomes purer.

The Doctrine of Production shows how the labour and production process common to all societies operates under capitalism, according to the circulation-forms and their logic. The only real social cost in any economy is labour. In order to be viable, capitalism must be able to reproduce itself by channelling total social labour efficiently to meet social demand. Human labour is always abstract, in contrast with the labour of bees, in the sense that it is not pre-programmed and can produce many different things.

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