Accumulation and Power
Accumulation and Power: Economic History of the United States
In "Accumulation and Power," Richard B. DuBoff embarks on a critical journey through the economic landscape of the United States, unraveling the complex tapestry that has led to the contemporary socio-economic crisis gripping the nation. With meticulous analysis, DuBoff traces the evolution of corporate enterprises and the crystallization of a distinct class structure, dominated by capitalists and wage laborers. This evolution, as DuBoff eloquently illustrates, has fundamentally altered the dynamics of competition, the mechanisms determining aggregate demand, and the very fabric of state policy making. At the heart of this transformation lies the explosive growth of productive capacity, a development that, paradoxically, engenders a system where the rational utilization of this capacity is at odds with the capitalist class's relentless pursuit to monopolize control over the profit-making domain. Through a narrative that is both illuminating and provocative, DuBoff challenges readers to reconsider the foundational pillars of the American economic system. "Accumulation and Power" is not merely an academic discourse but a compelling critique of the inherent contradictions within capitalism that restrict the social and rational use of productive capabilities. As DuBoff deftly demonstrates, the quest for profit and power by a select few has not only shaped the trajectory of economic policy and competition but has also sown the seeds of enduring socio-economic strife. This book is an indispensable read for those who seek to understand the undercurrents that have shaped contemporary economic realities and the critical choices facing the future of American society.
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