This is a chapter from the book:
Competition of Capitalists
Competition of Capitalists
The system of free competition and what it is about
Overview (PDF)
I. The elementary determinations of capitalist business: Social production for private profit
- What the industrial capitalist does
- The market
- The bourgeois state
- Commercial credit
- State support of competition that makes use of credit: Legal protection for property endangered by the use of payment promises as money
- Necessarily ‘false consciousness’ about money, profit, property, market, and state; both ordinary and scientific
II. Accumulation of capital: Expansion of production and commerce
- Growth
- Expansion of the market
- State tasks
- Loan capital
- The state as creator of a national credit money
- The dogma of growth as the good purpose of all economic activity, and the solution to all the problems it creates
III. Increasing growth: The productivity of capitalism
- Reducing unit costs
- The market: Where capitalist progress does its work and is put to the test
- Growth through progress: a new catalog of tasks for the lawgiver
- Power and powerlessness of credit in the competition for competitiveness
- The state as promoter, user, and guardian of the credit system
- Success alongside failure, the standpoint of real and imagined victims & beneficiaries as an opinion-forming productive force
IV. Growth through centralization of capital: The competitive struggle to overcome competition
- Concentration of capital in one hand
- The struggle for control over the market
- The state: Guardian of a capital location
- The fusion of capital and credit
- The state as a financial power
- How the crisis of capital is mastered ideologically
V. The ultimate guarantee of growth: The nation’s imperialist successes
- The right to growth and its means: a right that is vested but insufficiently realized
- The ideal market: a claim to possession with guaranteed success
- The condition for everything: Sovereign power