So, Black Flag in the UK has published a lengthy — and highly favorable — review of “Overcoming Capitalism,” written by Wayne Price.
He has a few minor disagreements. He prefers to regard the former USSR as state capitalist rather than a bureaucratic centralist or managerial class despotism. I tend to disagree with this because I don’t think agencies competed in a market way internally in the system. This is using “competition” in a different meaning than when we describe the competitive dynamics of capitalism, which drives the search for profits. He also says USSR competed on the world stage — but I think this was the geopolitical competitions of states, as in the arms race. Again, this is a different meaning of the word “competition”.
Wayne also thinks Marx did predict something like the modern bureaucratic control class (managers, high end professionals in capital’s apparatus of control) in Volume 3 of Capital. That may be, but I don’t think this has any effect, in that case, on Marxism as a political movement til after the emergence of the USSR.
To find Wayne’s review, scroll down in the contents at:
https://irp.cdn-website.com/3fa68967/files/uploaded/BlackFlag-vol3-no2.pdf
