REMARKS ((ON FINANCE CAPITAL IN GENERAL)) (original) (raw)

(K. Kautsky.) No, for (1) even in relation
to independent countries (taking all exports)
the share of cartels, trusts, dumping, in-
creases....
(2) Finance capital does not abolish the
lower (less developed, backward) forms of cap-
italism, but grows out of them, above them....
(3) There is a definite ratio between
“normal” and monopoly sales, ergo between
“normal” and monopoly exports. Capitalist
cannot help selling staple commodities to
millions of workers. Does this mean that
it is “unnecessary” for them to acquire
extra-profit through government, railway
“contracts”, etc.?
(4) The extra-profit from privileged and
monopoly sales compensates for the low
profit of “normal” sales.
(5) Compare with the banks: extra-profit
as intermediaries in floating loans, promoting
bubble companies, etc., compensates for low
profit (sometimes no profit) on “normal”
credit operations.
(6) The high technique of concentrated
industry and the “high technique” of financial
swindling, and the “high technique” (in reali-
ty, low technique) of oppression by finance
capital—they are inseparably linked under
capitalism. K. Kautsky wants to destroy the
link, “whitewash” capitalism, take the good
and throw away the bad: “modern Proudhon-
ism”, petty-bourgeois reformism “under the
mask of Marxism”.
ΣΣ = finance capital (monopolies, banks,
oligarchy, buying up, etc.) is not an accidental
excrescence on capitalism, but its ineradicable
continuation and product.... Not merely colo-
nies, but also (a) export of capital; (b) monop-
olies; (c) a financial network of connections
and dependencies; (d) omnipotence of the
banks; (e) concessions and bribes, etc., etc.